18.11.202208:01 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for November 18, 2022

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Litecoin continues to recover nicely and is now facing a solid resistance near 64.13. Once that resistance is overcome, there shouldn't be much resistance to speak of before the key resistance at 74.25. It would be a fair assumption to expect resistance at 64.13 to be able to reject Litecoin's first attempt to break through and course a temporary setback towards 61.32. However, it should only be a temporary setback before Litecoin finally breaks through this resistance and opens up for a rally towards the key resistance at 74.25.

Ultimately, we expect Litecoin to break above the key resistance at 74.25 too and to call for much more upside progress, but as always let's take the ride higher in baby steps and not try to eat the elephant in one bit.

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