FX.co ★ Elliott wave analysis of Litecoin for July 18, 2022

Litecoin has broken nicely above the neckline resistance near 53.00. Besides, more importantly, resistance at 55.00 has been broken too which calls for a rally towards the S/H/S target at 77.38 and possibly even closer to the extension target seen at 92.76.

The next hurdle is seen at 60.38, but we don't think it will be a major hurdle as Litecoin makes its way higher towards the S/H/S target at 77.38.