FX.co ★ Elliott wave analysis of Litecoin for January 13, 2023

Litecoin continues to follow the exact path that we have laid down over the last couple of months. Litecoin is now testing the 85.23 target and we expect a correction/consolidation towards support near 79.68 and maybe even a slightly deeper correction closer to the low of wave iv/ at 73.22 before the next rally higher towards 88.66 to complete wave v and larger I. However, in the longer term, we continue to look for even higher levels and a rally towards 121.68 and possibly the top from November 2021 near 295.