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02.10.202306:49 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for October 2, 2023

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 02.10.2023 analysis

Litecoin has rallied nicely out of the 58.75 low and should soon test key resistance at 70.44. A break above here will confirm that wave 2 has been completed and wave 3 higher towards 130.05 is in motion.

In the short term, we see support near 64.82 which is expected to act as a floor for the test of key resistance at 70.44.

Torben Melsted
Analytical expert of InstaForex
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