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FX.co ★ Elliott wave analysis of Litecoin for June 22, 2023

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Crypto Analysis:::2023-06-22T04:46:33

Elliott wave analysis of Litecoin for June 22, 2023

Elliott wave analysis of Litecoin for June 22, 2023

Litecoin continues to move higher as expected and has now broken nicely into the first consolidation zone between 86.87 - 89.87. This could temporarily hold back the climb, but it should only be temporary before the next move higher to resistance at 95.71. A break above here and more importantly above resistance at 97.51 will confirm the expected rally higher towards 131.05 and more likely closer to the 1.6181-time wave 1 at 171.43 as wave 3 progresses.

Analyst InstaForex
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