FX.co ★ Elliott wave analysis of Litecoin for November 14, 2023

Litecoin is following the expected path lower to test support near 67.85 before turning higher again. That said, we should be aware that we only expect a temporary setback before the next impulsive push higher towards 97.35 and ultimately, towards the long-term target at 131.05.

In the short term, we see minor resistance at 72.65 which could cap the upside for the push towards 67.85.