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26.09.202307:18 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for September 26, 2023

Exchange Rates 26.09.2023 analysis

Litecoin hasn't done much lately as we have seen a consolidation below short-term important resistance at 70.44. Only a break above here will confirm that wave 2 completed at 57.40 and a new impulsive rally in wave 3 is ready to unfold towards the 130.05 target.

That said, we do expect that support in the 60.00 - 61.78 area will continue to act as a solid floor for the eventual break above resistance at 70.44 for renewed upside pressure towards 85.35 and above.

*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
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