FX.co ★ Elliott wave analysis of Litecoin for April 14, 2023

Litecoin has rallied nicely and broken above resistance at 94.95. The price is currently challenging resistance at 98.30 and a break above here will call for a continuation higher to the 131.05 target. We see support in the 94.45 - 94.95 area which we expect will act as a floor for the next impulsive rally higher to 131.05.

Ultimately, we expect 131.05 to be broken too, but for now, that target is our main focus.