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14.02.202308:28 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for February 14, 2023

Exchange Rates 14.02.2023 analysis

Litecoin failed to break above resistance at 94.96 which called for a final spike lower to 88.39 which we have seen with the low coming in at 88.25. This is enough to fulfil the corrective target and set the stage for a new impulsive rally towards 107.82 and above.

Short-term we will be looking for a break above resistance at 94.96 as confirmation that the corrective decline from 102.39 has completed and the next impulsive rally is in motion.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2025
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