Following Elliott wave principles, LTC has been in a corrective move since its high @ 99.35. This pull back has a textbook 3 wave structure, noted yellow (a),(b) and (c). The current leg, (c) is trading its support zone @ 75.85. Regrading the oversold condition and high positive momentum, we are waiting for a U turn soon. The token may well trade below this support, but it shall be brief.
The TTH team is pleased to announce the grand opening of its Slack team. You will share trading ideas with our community, improve your trading skills, benefit from live intraday technical analysis and strategies. Video sessions with TA teaching and concrete cases are on the agenda too. Welcome bonus with a free trial Link to the : Slack team
If you want a preview of our analyses, follow us on Twitter follow us on : Facebook follow us on : LinkedIn