Automatic wave scan: as of 5 Nov 2026, the automatic daily count for Litecoin is Wave 5 down with a bearish bias. The count stays valid while price holds 62.39.
Current Litecoin wave count
Automatic wave scan Updated daily from the latest daily close (5 Nov 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave decline that began at 75.00 on 26 Sep 2026. Next levels to watch are 51.09 and 49.75. The count fails on a daily close above 62.39.
Key levels
| Type | Levels |
|---|---|
| Resistance | 62.39 · 56.71 |
| Support | 50.20 · 47.41 |
| Invalidation | 62.39 |
What is Litecoin?
Litecoin was created in October 2011 by Charlie Lee, a former Google engineer. It is based on Bitcoin's code but makes blocks every 2.5 minutes instead of every 10, and uses a different mining method called Scrypt.
Its supply is capped at 84 million LTC, four times Bitcoin's cap. Like Bitcoin, the miner reward halves about every four years. The most recent halving was in August 2023.
What moves the Litecoin price?
- Halving cycle: Each halving cuts new supply. Litecoin halvings come roughly a year before Bitcoin's.
- Payment use: Litecoin is accepted by many payment processors for low cost transfers.
- Exchange traded products: Interest in LTC funds can add demand from investors.
- Bitcoin trend: LTC usually follows Bitcoin's direction.
- Mining economics: Shared mining with Dogecoin keeps the network secure and affects miner selling.
How Litecoin moves in Elliott Wave terms
Litecoin's long history gives traders a complete set of cycles to study. Its major peaks in 2013, 2017 and 2021 each ended five-wave advances, followed by deep corrections. In recent years LTC has lagged Bitcoin, so its rallies have often been weaker and more corrective.
The halving dates can be used as context, but the wave structure should always lead the analysis.
Tips for counting Litecoin waves
Compare LTC with Bitcoin. If Bitcoin makes a new high and LTC does not, treat LTC rallies as possible corrections.
Litecoin key facts
Litecoin Elliott Wave FAQ
What is the difference between Litecoin and Bitcoin?
Litecoin makes blocks four times faster, has a supply cap of 84 million instead of 21 million and uses the Scrypt mining method.
When is the next Litecoin halving?
Halvings happen every 840,000 blocks, about every four years. After August 2023, the next is expected in 2027.
Who created Litecoin?
Charlie Lee, a former Google engineer, created Litecoin in 2011.
Sources and further reading
- Litecoin project site (Litecoin Foundation)
- Litecoin (Wikipedia)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
