Altcoins: Litecoin Price (LTC/USD) - Elliot Wave Analysis

Litecoin Finally Saw A Deeper Corrective Decline

Relevance up to 06:00 2022-07-18 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Litecoin is again ready to test the neckline resistance of the S/H/S bottom. This neckline resistance is currently near 53.00. A break above here gives us a test of the short-term key resistance at 55.00 because a break above here activates the S/H/S bottom for a rally towards 75.00 and ultimately higher.

 

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Litecoin Finally Saw A Deeper Corrective Decline

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