Litecoin has seen a more prolonged correction in wave ii/, but it finally seems to be coming to an end, and we should expect renewed upside progress anytime now. In the short term, a break above minor resistance at 96.10 and more importantly a break above resistance at 98.40 will confirm that wave ii/ has completed and the next impulsive rally is unfolding towards 112.00 and even higher towards 121.00 to complete wave 3/ in the longer term.
It's possible to see a final spike lower as long as minor resistance at 96.10 is able to cap the upside, but we regard this possibility as low
Relevance up to 06:00 2023-02-28 UTC+1 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.
