LTC is currently on a trajectory to test $60 before a final descent into a Double Bottom. If you look at LTC's pattern from 9/4 - 9/15, we are following a very similar path. Expect LTC to retest a retracement of 61.80 before gaining enough fuel to break out of the bear downtrend (correction). Target is $38 for DB.
Good luck.
-MV
Comment:
*DB = Double Bottom. It's not a reference to Deutsche. lol
Comment:
As predicted, we are heading down. However, the break came later than expected. Sideways movement (consolidation) stalled the inevitable downward push. I expect we will retest 61.80%. Stay tuned.