Litecoin has corrected to 79.68 as expected and we see a positive hidden divergence on the RSI calling for a strong rally to take over in wave v/ of iii any time now. We will need a break above minor resistance at 82.27 to confirm that wave v/ is in progress. Wave v/ is likely to climb at least to 85.23 and possibly even closer to 88.66.
As always, we will take the expected continuation of the uptrend in baby steps and look for a break above the minor resistance at 82.27 calling for a continuation higher to 85.23.
Relevance up to 06:00 2023-01-12 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.
