31.07.202306:10 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for July 31, 2023

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Litecoin has broken nicely out of the descending wedge-shape-like correction in wave 2/. The confirmed break calls for a new impulsive rally towards the former peak at 114.92 and 131.05 as the next upside target.

Support is now seen at 93.85 which ideally will act as a floor for the next push higher towards 96.39 and then 104.99 and 114.92 as the next upside targets on the way towards 131.05.

Torben Melsted
Analytical expert of InstaForex
© 2007-2025

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