Litecoin staged a massive rally from the expanding leading diagonal support line near 49.00. This gives us faith that our current count is correct and we will be looking for more upside pressure towards 74.25 and ultimately above here too for a strong rally towards resistance near 105. That said, we know the expected rally won't be in a straight line.
Therefore, we should expect a temporary setback from near 65.30 towards 54.75 before the next strong rally higher to test strong resistance at 74.25 and ultimately above here too.
Relevance up to 07:00 2022-11-14 UTC+1 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.
