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07.02.202307:57 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for February 7, 2023

Exchange Rates 07.02.2023 analysis

Litecoin has completed the minor correction from 102.39 and is now headed higher towards the next targets at 104.96 and 107.82. Longer term we continue to look for much higher levels at 121.43 and likely closer to 135.00 before we see some real resistance that will be able to turn Litecoin lower in a larger correction.

For now, we will stay focused towards the upside and a continuation higher to 104.96 as the next upside target.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2024
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