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18.07.2022 07:38 AM
Elliott wave analysis of Litecoin for July 18, 2022

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Litecoin has broken nicely above the neckline resistance near 53.00. Besides, more importantly, resistance at 55.00 has been broken too which calls for a rally towards the S/H/S target at 77.38 and possibly even closer to the extension target seen at 92.76.

The next hurdle is seen at 60.38, but we don't think it will be a major hurdle as Litecoin makes its way higher towards the S/H/S target at 77.38.

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