LTC (12H) / Algo Technical Analysis Update / Are You In?

We wicked the log GZ in blue while BTC hit the confluent long area for algo traders. Is the bottom in? Possible. We have nothing to do below the log 0.786 (blue). Notice that the 0.786 has been hit in arithmetic mode and those who set their SL below it are eating their keyboards right now. Cryptos love log fibs. The only threat I see in our plan here is how we went down... With 5 clean waves. However, it's not uncommon for LTC to fool Elliotticians with an impulse down that is not followed by a new low. Check the previous corrections here. Follow BTC closely. If it bottoms, LTC will likely reach our blue PT. If it doesn't bottom, we may be starting a wave 2 or B before a violent downward move.

Plan:
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