Elliott wave analysis of Litecoin for October 24, 2023
October 24, 2023 7:22 am
Litecoin is currently re-testing resistance at 70.44 after a temporary break above. We expect the former resistance now will act as support, but we could see a setback towards 68.82 before the next strong rally higher to test resistance at 72.69. A break above here will accelerate Litecoin higher towards resistance near 85.00, but ultimately, a rally towards 131.05 is expected as wave 3 progresses.
The material has been provided by InstaForex Company – www.instaforex.com
Litecoin is currently re-testing resistance at 70.44 after a temporary break above. We expect the former resistance now will act as support, but we could see a setback towards 68.82 before the next strong rally higher to test resistance at 72.69. A break above here will accelerate Litecoin higher towards resistance near 85.00, but ultimately, a rally towards 131.05 is expected as wave 3 progresses.
The material has been provided by InstaForex Company – www.instaforex.com
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