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14.11.2023 08:29 AM
Elliott wave analysis of Litecoin for November 14, 2023

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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.

Torben Melsted,
Analytical expert of InstaTrade
© 2007-2025
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