$LTC More Detailed Update:
LTC appears to be developing a Triple Combination within the NeoWave framework.
The overall structure is approximately 50% complete so far.
Phase 1: We have identified the initial decline, followed by a Zigzag structure, which appears to complete the first phase of the combination.
Phase 2: This phase now appears to be underway. The current price action closely resembles a Common Flat, characterized by a sharp decline from the local highs. This behavior is consistent with the expected development of a Triple Combination, in which each corrective phase takes a different structural form.
What comes next?
Based on the current structural development, I expect LTC to continue forming its cycle bottom over the coming months. The structure could eventually conclude with a contracting, non-limiting ABCDE triangle, with the final bottom potentially forming within the $20–$24 range.
In the quoted post, you can also see a structural comparison with the 2022 cycle, with the price action aligning step by step. This adds another layer of confluence to the current analysis.
LTC appears to be developing a Triple Combination within the NeoWave framework.
The overall structure is approximately 50% complete so far.
Phase 1: We have identified the initial decline, followed by a Zigzag structure, which appears to complete the first phase of the combination.
Phase 2: This phase now appears to be underway. The current price action closely resembles a Common Flat, characterized by a sharp decline from the local highs. This behavior is consistent with the expected development of a Triple Combination, in which each corrective phase takes a different structural form.
What comes next?
Based on the current structural development, I expect LTC to continue forming its cycle bottom over the coming months. The structure could eventually conclude with a contracting, non-limiting ABCDE triangle, with the final bottom potentially forming within the $20–$24 range.
In the quoted post, you can also see a structural comparison with the 2022 cycle, with the price action aligning step by step. This adds another layer of confluence to the current analysis.