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FX.co ★ Elliott wave analysis of Litecoin for November 28, 2023

Elliott wave analysis of Litecoin for November 28, 2023

Elliott wave analysis of Litecoin for November 28, 2023

We have seen the expected minor corrective dip to support at 67.65 and should soon see Litecoin recover again for a re-test of resistance at 71.55. A break above here will call for more upside progress towards 96.71 and 114.92 as the next upside targets.

In the short term, a break above minor resistance at 69.38 will confirm that the corrective decline from 71.55 has been complete and a re-test here is in the making.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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