Technical analysis by MAGICMARK about Symbol LTC on 8/11/2023

The last time LTC had a false bull ... it turned out to be just wave 1 of a large impulse wave that took LTC to $400. Of course, that coincided with a BTC rise, and the much anticipated "alt-season". But go back to 2020, end of summer, and you will find a very similar pattern. If I follow this pattern, we could have a swing low to the bottom of wave 2 ... around $50 ... I'm timing the B peak and the C bottom, when the ichi cloud has a twist (see transition from green to red, or vice versa) ... then perhaps it starts to take off? Let's see if history repeats itself.This is the pattern from 2020 ...