LTC: Bull and Bear counts

LTC long form consolidation is making things very difficult to apply Elliott Wave counts. The consolidation looking like a long triangle, which can be wave 4 or wave B. Triangles can take a long time to complete and usually designed to make life difficult for traders and investors. So, keeping that in mind, bull count is in Blue and bear count is in Red.

Triangle invalidation as well as a confirmation on either bull or bear side will be a break over either $116 or below $41. Bear count might take longer to complete than bull count.