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22.11.2023 07:16 AM
Elliott wave analysis of Litecoin for November 22, 2023
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Litecoin has tested support at 65.45 and should be ready for the next impulsive rally higher through resistance at 71.79 that will confirm the correction from 76.75 has been completed and a new rally is unfolding towards 96.71 and 115.00 as the next upside targets. Ultimately, a rally towards 131.05 is expected, but first, we would like to see some clear evidence that the corrective decline from 76.75 has been completed with the test of 65.45.

Torben Melsted,
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