FX.co ★ Elliott wave analysis of Litecoin for November 16, 2022

Litecoin will break above minor resistance at 59.45 soon for the next rally towards strong resistance seen at 74.25. Only when this resistance is broken, will we see Litecoin take off for a test of 104.96 and 133 as the next major upside targets.

Short-term support is seen at 57.60, which we expect will be able to protect the downside for the rally towards 74.25.