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24.03.2023 08:34 AM
Elliott wave analysis of Litecoin for March 24, 2023

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Litecoin continues to perform well and should soon test resistance near 98.30. This resistance may be able to temporarily cause a setback to support near 88.50, but ultimately, we expect Litecoin to overcome resistance at 98.30 and to continue higher towards the next upside target at 131.05.

In the longer term, we anticipate even more upside pressure to be seen and the 131.05 target only to be temporary, but for now, let's take the expected rally in baby steps and don't get lost in targets far out in the distance.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2024
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