We currently have selling pressure in the lower time frames but the higher time frames indicate will still have more time remaining for upward pressure. So, I believe this currently episode of downward pressure will be brief and we could expect at least one more episode of upward pressure to push us to the price range I indicate in the video publication.
Link to "Related Idea" below...
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The Gold ENERGY Ghost is already below the 20%; currently at the 17% level in this 6h TF. We need the Aqua Blue LSMA to bounce off the 50% level for us to have one more push up to higher levels on this Automatic Rally.
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LTCUSD is kind of up in the air at the moment. I'm not sure if we are coming down from an Automatic Rally and down to a Second Test to mark the end of Phase A - OR - if we have already went up for our Simple Rally in Phase B and coming down for a Test of Support in Phase B. I'm leaning towards the first option listed in this paragraph. Which would be the Yellow Text Bubbles on the chart below.