FX.co ★ Elliott wave analysis of Litecoin for March 8, 2023

Litecoin moved lower to test our ideal target seen at 84.36 which should be enough to complete wave II and set the stage for the next impulsive rally in wave iii towards at least 121.68 and possibly higher.

Short-term, a break above minor resistance at 88.96 will be a strong indication that wave ii has been completed, while a break above 91.71 confirms that wave iii now is in progress for the expected rally towards 121.68 and higher.