Elliott Wave

Elliott wave analysis of Litecoin for January 13, 2023

Applying Elliott wave theory to Litecoin for the 13th of January, 2023

Litecoin has stayed true to the trajectory that has been mapped out in the last few months. Presently, it is testing the 85.23 goal and there is likely to be a retracement/consolidation towards the 79.68 support area and perhaps even a further retreat to the bottom of wave iv/ at 73.22 preceding the next bull move towards 88.66 to finish off wave v and the larger I. Nevertheless, in the long run, we still anticipate higher values and an uptrend towards 121.68 and possibly the zenith from November 2021 around 295.

Andrew Johnson is a seasoned journalist with a keen interest in the commodity market. He is a regular contributor to Livemarkets.com, where he covers the latest news, trends, and analysis related to the commodity industry. With years of experience under his belt, Andrew has established himself as a reliable source of information on the global commodity market.