FX.co ★ Elliott wave analysis of Litecoin for July 15, 2022

Litecoin is again ready to test the neckline resistance of the S/H/S bottom. This neckline resistance is currently near 53.00. A break above here gives us a test of the short-term key resistance at 55.00 because a break above here activates the S/H/S bottom for a rally towards 75.00 and ultimately higher.

But for now, let's see what happens near the neckline resistance at 53.00.