empty
 
 
30.05.2023 07:33 AM
Elliott wave analysis of Litecoin for May 30, 2023

This image is no longer relevant

Litecoin broke nicely above resistance at 86.89, confirming that wave 2/ was completed with the test of 82.59 and that wave 3/ towards at least 111.41 is in motion. Short-term we see support near 90.10 which ideally will act as the floor for the next push higher towards the S/H/S bottom neckline at 94.90. A break above here will confirm the expected rally to 111.41 in wave 3/.

Summary
Urgency
Analytic
Torben Melsted
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback