LTC prepared for a breakout in ascending triangle formation.
Counting the waves, looking it's forming a nice ascending triangle with resistance at 0.786 or 132.80.
Good opportunity for entry might before confirmation is at the bottom of wave (2) at around 129.20.
You can set a stop loss below the resistance and above (2) at around 132.
Wave (4) cannot overlap wave (1), so I am guessing wave 3 will test and breakthrough. If it does, first resistance will be at around 136, a resistance tested previous from April 3rd.
Target:
143.86
Resistance:
140.80 (0.786)
136
Counting the waves, looking it's forming a nice ascending triangle with resistance at 0.786 or 132.80.
Good opportunity for entry might before confirmation is at the bottom of wave (2) at around 129.20.
You can set a stop loss below the resistance and above (2) at around 132.
Wave (4) cannot overlap wave (1), so I am guessing wave 3 will test and breakthrough. If it does, first resistance will be at around 136, a resistance tested previous from April 3rd.
Target:
143.86
Resistance:
140.80 (0.786)
136