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29.11.2022 08:28 AM
Elliott wave analysis of Litecoin for November 29, 2022

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After a consolidation, Litecoin is ready to continue higher towards 96.90. Short-term, a break above minor resistance at 77.49 will be clear evidence that the consolidation has been completed, while a break above resistance at 80.28 will confirm the completion of the consolidation and confirm the rally to 96.90 and ultimately above here too.

The rally should continue to follow Livermore's Accumulation Cylinder in the weeks/months ahead. We are now in the stretch between points 7 and 8, so we have much more upside to cover.

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