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FX.co ★ Elliott wave analysis of Litecoin for August 30, 2023

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Crypto Analysis:::2023-08-30T04:07:01

Elliott wave analysis of Litecoin for August 30, 2023

Elliott wave analysis of Litecoin for August 30, 2023

Litecoin has rallied nicely but still needs to break above minor resistance at 72.00 and more importantly break above resistance at 75.62 and 85.32 to confirm that wave 2 has been completed and wave 3 is in motion for a rally towards 131.05 and likely above.

Support is now seen at 65.82 which should act as a floor for the expected break above minor resistance at 72.00 and 75.62 for a firm test of resistance at 85.32.

Analyst InstaForex
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