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analysis of price movement of litecoin cryptocurrency grafika numer 1analysis of price movement of litecoin cryptocurrency grafika numer 1

Litecoin has completed the minor correction from 102.39 and is now headed higher towards the next targets at 104.96 and 107.82. Longer term we continue to look for much higher levels at 121.43 and likely closer to 135.00 before we see some real resistance that will be able to turn Litecoin lower in a larger correction.

For now, we will stay focused towards the upside and a continuation higher to 104.96 as the next upside target.

 

Relevance up to 06:00 2023-02-08 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.

Read more: https://www.instaforex.eu/forex_analysis/311613

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Torben Melsted

Torben Melsted

Analytical expert of InstaForex

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


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