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13.01.2023 07:08 AM
Elliott wave analysis of Litecoin for January 13, 2023

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Litecoin continues to follow the exact path that we have laid down over the last couple of months. Litecoin is now testing the 85.23 target and we expect a correction/consolidation towards support near 79.68 and maybe even a slightly deeper correction closer to the low of wave iv/ at 73.22 before the next rally higher towards 88.66 to complete wave v and larger I. However, in the longer term, we continue to look for even higher levels and a rally towards 121.68 and possibly the top from November 2021 near 295.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2024
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