01.03.202307:12 Forex Analysis & Reviews: Elliott wave analysis of Litecoin on March 1, 2023

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Litecoin has completed its corrective wave from 102.39 and is ready to see the next impulsive rally toward 113.05 and likely closer to 121.00 as the next upside targets. In the short term, we expect minor resistance at 95.18 to act as a floor for the next rally higher to take out the former peak at 105.67 for a continuation higher to 113.05 and ideally also 121.00.

In the longer term, we continue to look for even higher levels, ideally towards the 279 - 296 area.

Torben Melsted
Analytical expert of InstaForex
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