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FX.co ★ Elliott wave analysis of Litecoin for July 5, 2023

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Crypto Analysis:::2023-07-05T04:13:14

Elliott wave analysis of Litecoin for July 5, 2023

Elliott wave analysis of Litecoin for July 5, 2023

Litecoin failed to hold above support at 105.69, which has open up for a deeper corrective decline closer to 99.71 before the next impulsive rally higher to 131.05 and ultimately above here too. Only a direct break above minor resistance at 109.69 will ease the downside pressure and call for more upside through resistance at 114.92 towards the 131.05 target.

Analyst InstaForex
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