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12.10.202306:04 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for October 12, 2023

Exchange Rates 12.10.2023 analysis

Litecoin is currently testing support in the 60.00 - 61.78 area, which we expect will be able to act as a floor for the next and likely successful break above resistance at 70.44 for a rally towards the long-term target at 131.05.

At no point can a break below support at 57.69 be allowed under the current count. An unexpected break below 57.69 will call for an alternative count, but the odds for this seem very low.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2025
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