empty
 
 
23.03.2023 07:58 AM
Elliott wave analysis of Litecoin for March 23, 2023

This image is no longer relevant

Litecoin is finally challenging resistance near 87.40. A clear break above here will confirm that wave 2 completed with the test of the 61.8% corrective target at 65.29 and a new impulsive rally is unfolding in wave 3. The first target to look for is seen at 131.05 and then 171.43 with the latter, the most likely upside target for wave 3.

Support is currently seen near 85.09 which ideally will protect the downside for the expected rally higher to 131.05 and above.

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 $1000 more!
    In October we raffle $1000 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
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 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