The symmetrical triangle that LTC has been forming over the last few weeks should make a decision either later today or early tomorrow by my count. Unclear which direction it will move but keep an eye on the pivot point and which direction the volume flows. I'm leaning bullish but keeping a tight stop.
When we zoom out and look at the monthly, we could have completed Wave C of the Elliott Wave. If this is the case, we are currently on Wave D which ends between 2k-2.5k before an epic bull run up to the ~100kish area. Much more data is needed as we are at a pivotal point at 10k.
The pattern that I am noticing is that BTC finds a new bottom every 2 months dating back to March.
If we follow the same pattern, BTC has the potential to reach the new bottom sometime in Mid-January. Is this the top and we will trend down until that point? Possibly. Will update as we move forward.