FX.co ★ Elliott wave analysis of Litecoin for December 20, 2022

We called for a corrective bottom near 61.07 and we saw a low at 61.20 from where Litecoin turned strongly higher. In the short term, we could see a temporary corrective setback to 63.80 and then a new strong attempt to break above resistance at 65.82. With a break above here, we confirm that the corrective decline in wave 2/ has been completed and wave 3 has taken over for a rally towards 96.90 and possibly even closer to 113.52 as the next upside target.