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10.10.202306:51 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for October 10, 2023

Exchange Rates 10.10.2023 analysis

Litecoin has now tested support at 61.78 and would ideally see a new impulsive rally higher through minor resistance at 65.00. More importantly, we should see a break above resistance at 66.26 as confirmation that the minor correction is complete and a new impulsive rally high through key resistance at 70.44 is unfolding for a rally towards the long-term target at 131.05 and possibly higher.

That said as long as minor resistance at 65.00 stays untouched, a final dip closer to 60.50 can not be excluded, but under no circumstance can a break below key support at 57.69 be allowed.

*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
© 2007-2026
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