Litecoin is completing its wave 2/ of 3 corrective. The token should find a low near 61.07 for the next strong rally higher towards 96.90 and possibly even closer to 113.52 before wave 3/ of 3 is complete. Longer term, we are looking for Litecoin to move much higher and test at least the 2021 high at 295.
However, for now, we at looking at a bottom near 61.07 for the next impulsive rally higher to 113.52. A break above minor resistance at 64.88 will be the first good indication that wave 3/ of 3 is unfolding.
Relevance up to 06:00 2022-12-20 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.
