Elliott wave analysis of Litecoin for November 2, 2023
November 2, 2023 6:27 am
We continue to look for a firm break above minor resistance at 70.44 confirming that wave 3 is unfolding towards at least 131.05 and likely much higher. Upon a break above minor resistance at 70.44, the first sub-target is seen at 76.64, but we expect much more upside as Litecoin is gaining bullish momentum.
Support is seen at 66.56 which we expect will act as a floor for the expected break above minor resistance at 70.44.
The material has been provided by InstaForex Company – www.instaforex.com
We continue to look for a firm break above minor resistance at 70.44 confirming that wave 3 is unfolding towards at least 131.05 and likely much higher. Upon a break above minor resistance at 70.44, the first sub-target is seen at 76.64, but we expect much more upside as Litecoin is gaining bullish momentum.
Support is seen at 66.56 which we expect will act as a floor for the expected break above minor resistance at 70.44.
The material has been provided by InstaForex Company – www.instaforex.com
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