empty
 
 
18.08.2023 06:05 AM
Elliott wave analysis of Litecoin for August 18, 2023

This image is no longer relevant

We have now seen the expected test of support at 61.20 so all requirements for the expanded flat correction in wave 2 have already been fulfilled. Hence, a new impulsive rally could start to unfold anytime now. Because of a huge spike to 82.12, we will need to see a break above minor resistance at 65.91 and more importantly, a break above resistance at 74.62 to confirm that wave 2 has been completed and wave 3 is unfolding towards 131.05 and possibly above.

Earn on cryptocurrency rate changes with InstaTrade
Download MetaTrader 4 and open your first trade

Recommended Stories

Can't speak right now?
Ask your question in the chat.