Litcoin Setup Lingers

We are looking for a blast to the sixties in LTC but this setup has been brutally stubborn. Lingering for a week. Often when the setup for a third wave doesn't take it is a sign of a coming correction. We'll give it a little more time. If it doesn't, we may have the beginning of a correction to the low 20's per the grey arrows which should give us a bounce to the key target areas in the $60's. Break the low 20's and we may be looking at a bear market. But my preference remains in this particularly strong 'OG-alt' that we have a strong setup in the 60's. $23.68 on Poloniex is the first sign that we are coming down to lower targets.