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FX.co ★ Elliott wave analysis of Litecoin for October 2, 2023

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Crypto Analysis:::2023-10-02T04:49:52

Elliott wave analysis of Litecoin for October 2, 2023

Elliott wave analysis of Litecoin for October 2, 2023

Litecoin has rallied nicely out of the 58.75 low and should soon test key resistance at 70.44. A break above here will confirm that wave 2 has been completed and wave 3 higher towards 130.05 is in motion.

In the short term, we see support near 64.82 which is expected to act as a floor for the test of key resistance at 70.44.

Analyst InstaForex
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