LTC (Y20.P5.E1).Macro.Forecast

Ref. C.chart


Hi All,

Based on a the structure and the current price action which broke the lead in trend line , this then becomes a bullish chart.
We can observe the structure and how the fib levels resonate with it. I have 2 targets for LTC.

1st Target, being a double top and it has confluence with the 0.5 fib level and on the 1.618 fib extension, from $80.5 to $86.5
2nd Target is based on the inverted barr point in the structure which correlates to the 0.382 fib level. Price from $99 to $013


LTC has a nice trend but we should get a retrace soon after hitting its mark.

Lets see how this above forecast goes with the price action.

Note: I'm sure the Paypal announcement with LTC has something to do with it.
Cheers,
S.SAri