FX.co ★ Elliott wave analysis of Litecoin for September 21, 2022

We continue to look for a rally towards the S/H/S bottom neckline seen near 67.40. A break above this level will activate the bottom formation for a rally towards the S/H/S target seen near 97 and possibly even closer to the extension target near 117.

That said, we need a break above minor resistance at 58.31 to confirm the next rally towards the neckline resistance. As long as resistance at 58.31 stays untouched we could see a final dip just below 52.50, but the potential downside movement should be very limited from here.