$LITE LITE has strongly retraced from the high of wave (iii), and the decline can still be interpreted as part of an ongoing corrective wave iv. Bullish Scenario: The preferred view is that the current downtrend may constitute wave A of wave iv. If this low area holds temporarily, a corrective wave B recovery toward the red Fibonacci resistance zone between $792 and $1,023 remains possible before the broader wave iv structure completes. Risk Scenario: If the price fails to stabilize, wave A could extend further before any meaningful recovery emerges. This would shift focus to the orange support zone, initially around $515, then to lower levels near $324 and $223. Such a deep move would keep the correction alive but weaken confidence in the clearer interpretation of the corrective wave iv. Key Support Levels: $515 / $324 / $223 Key Resistance Levels: $792 / $841 / $893 / $972 / $1,023 Conclusion: LITE remains in a corrective phase following the high of wave (iii). A wave B recovery could develop from this range, but the rally must still extend to meet resistance.