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FX.co ★ Elliott wave analysis of Litecoin for July 13, 2023

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Crypto Analysis:::2023-07-13T04:00:57

Elliott wave analysis of Litecoin for July 13, 2023

Elliott wave analysis of Litecoin for July 13, 2023

We have seen the expected minor corrective decline in wave ii to 95.11 and should see Litecoin challenge short-term important resistance at 98.60. A break above here will confirm that wave 2/ completed with the test of 92.22 and wave 3/ of 3 is unfolding towards 131.05 and possibly even higher.

A break above resistance at 98.60 will call for a re-test of 104.45 and then 114.92 before the 131.05 target.

Analyst InstaForex
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