FX.co ★ Elliott wave analysis of Litecoin for January 10, 2023

Litecoin tested the former high at 84.89 but didn't break through on the first attempt as we expected. After a temporary corrective setback, we expect that a break above 84.89 will be seen in the next attempt for a continuation higher towards 96.10 as the next minor target and 121.68 as our next major upside target.

Short-term we see support near 79.68. We expect this support to act as a floor for the break above 84.89 on the way higher to 96.10 and 121.68.