Based on the latest descending triangle
formation, it looks like the wave two correction might hit the max retrace, which is the start of wave (1). Whether it goes down to this or not will show us greatly how LTC is behaving in the long term. I would expect the drop to happen fast given the market tension the triangle reflects. Either way, hopefully wave (3) is extended to the max fib ratio. If it does, that could mean a huge opportunity for traders/investors.