FX.co ★ Elliott wave analysis of Litecoin for May 30, 2023

Litecoin broke nicely above resistance at 86.89, confirming that wave 2/ was completed with the test of 82.59 and that wave 3/ towards at least 111.41 is in motion. Short-term we see support near 90.10 which ideally will act as the floor for the next push higher towards the S/H/S bottom neckline at 94.90. A break above here will confirm the expected rally to 111.41 in wave 3/.