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FX.co ★ Elliott wave analysis of Litecoin for October 23, 2023

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Crypto Analysis:::2023-10-23T03:58:14

Elliott wave analysis of Litecoin for October 23, 2023

Elliott wave analysis of Litecoin for October 23, 2023

Litecoin continues to push higher and is now testing minor resistance at 66.30. A break above here will call for a strong test of key resistance at 70.44 soon. Only a break above key resistance at 70.44 will confirm that wave 2 finally has been completed and wave 3 towards 131.05 is in motion.

Support is now seen at 63.18, this support will ideally be able to act as a floor for the break above key resistance at 70.44.

Analyst InstaForex
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