LTC's trend can be analyzed according to the larger wave structure. From the perspective of the green line's major wave pattern, it is currently in the position of the fifth wave of wave c (marked by the yellow line) within the second wave of the larger degree.

The key analytical logic here is: assuming that the price level of 69 marks the end of the second wave of the larger degree. Why make this judgment? Mainly because when wave c3 (yellow line) extends, wave c5 (yellow line) is very likely to be equal in length to wave c1 (yellow line), which is a common proportional relationship in wave theory. Based on the data, this equal length relationship has already been basically established.

Technical indicators also provide signals—there is a bullish divergence. Even if the subsequent price drops below the support at 69, it won't be far from the true completion of wave c5.

From this perspective, the target of the larger green line wave is at least above $2000. How the subsequent trend unfolds will depend on whether wave three can form, which will reveal the clues.