Litecoin is in a minor correction, that ideally should terminate near 94.00 for the next push higher towards 1.0782 to complete wave iii and set the stage for a new temporary consolidation in wave iv. However, for now, we are looking for sub-wave iv/ to terminate soon and set up the next rally closer to the 1.0782 target.
Short-term a break above minor resistance at 97.73 will indicate sub-wave iv/ being complete and the rally to 1.0782 being in motion.
Relevance up to 06:00 2023-02-07 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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