Elliott wave analysis of Litecoin for July 31, 2023
July 31, 2023 7:22 am
Litecoin has broken nicely out of the descending wedge-shape-like correction in wave 2/. The confirmed break calls for a new impulsive rally towards the former peak at 114.92 and 131.05 as the next upside target.
Support is now seen at 93.85 which ideally will act as a floor for the next push higher towards 96.39 and then 104.99 and 114.92 as the next upside targets on the way towards 131.05.
The material has been provided by InstaForex Company – www.instaforex.com
Litecoin has broken nicely out of the descending wedge-shape-like correction in wave 2/. The confirmed break calls for a new impulsive rally towards the former peak at 114.92 and 131.05 as the next upside target.
Support is now seen at 93.85 which ideally will act as a floor for the next push higher towards 96.39 and then 104.99 and 114.92 as the next upside targets on the way towards 131.05.
The material has been provided by InstaForex Company – www.instaforex.com
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