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Analysis Of The Litecoin Cryptocurrency Movement In Short And Long Term

Analysis Of The Litecoin Cryptocurrency Movement In Short And Long Term| FXMAG.COM
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analysis of the litecoin cryptocurrency movement in short and long term grafika numer 1analysis of the litecoin cryptocurrency movement in short and long term grafika numer 1

Litecoin continues to push higher and we should soon see sub-wave iii/ of iii set in for a rally towards at least 104.96 and possibly even closer to 107.82 as the next upside target. Short term, we expect support near 93.75 to act as a floor for a break above minor resistance at 94.48 for the next push higher towards 104.96.

Longer term, we continue to look for much higher levels closer to 121.68 and possibly even 135.22 as the next major upside targets.

 

 

Relevance up to 06:00 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.

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Read more: https://www.instaforex.eu/forex_analysis/310705


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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