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23.11.202308:00 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for November 23, 2023

Ideally, Litecoin completed the wave ii/ correction from 76.75 with yesterday's test of 65.26 and a new impulsive rally should be unfolding. To confirm that the corrective decline from 76.75 is complete, we need to see a break above minor resistance at 71.79 that will call for a re-test of the peak at 76.75 on the way higher towards 96.71 and 105 as the next upside targets.

The low at 65.26 should not be broken at any time or we will have to re-evaluate our present count.

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

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2025
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