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02.11.202307:39 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for November 2, 2023

Exchange Rates 02.11.2023 analysis

We continue to look for a firm break above minor resistance at 70.44 confirming that wave 3 is unfolding towards at least 131.05 and likely much higher. Upon a break above minor resistance at 70.44, the first sub-target is seen at 76.64, but we expect much more upside as Litecoin is gaining bullish momentum.

Support is seen at 66.56 which we expect will act as a floor for the expected break above minor resistance at 70.44.

*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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