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FX.co ★ Elliott wave analysis of Litecoin for June 28, 2023

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Crypto Analysis:::2023-06-28T04:11:44

Elliott wave analysis of Litecoin for June 28, 2023

Elliott wave analysis of Litecoin for June 28, 2023

Litecoin will likely move a bit lower towards 82.00 to complete a small correction and then take off to challenge resistance near 93.80. A break above here will confirm the next impulsive rally higher towards 131.05 is in motion. Ultimately, we will be looking for Litecoin to move closer to the 1.618-time wave 1 at 171.43, but for now, look for Litecoin to move a tiny bit lower to test support near 82.00 and then up.

Analyst InstaForex
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