empty
 
 
19.10.2023 07:30 AM
Elliott wave analysis of Litecoin for October 19, 2023

This image is no longer relevant

Litecoin remains under pressure and is now testing the lower border of the support area between 60.00 and 61.78. We might see prices spike from the lower border at 60.00, but these spikes are likely to be short-lived. Ultimately, we should see minor resistance at 62.84 be broken indicating that the corrective decline from 67.91 has completed and a new impulsive rally is ready to unfold.

The only demand to this scenario is that support at 57.69 remains untouched as a break below here will force an alternative count.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback