FX.co ★ Elliott wave analysis of Litecoin for June 21, 2023

Litecoin has completed wave 2 at 71.37 and wave 3 should now take Litecoin way higher towards at least 131.05 and more likely closer to the 1.6181-time wave 1 resistance at 171.43. Short term we see support near 77.70 and 75.73. The latter should not be broken at anytime or a new low just below 71.37 should be expected. This should, however, be the final decline in wave 2 and it should be very short-lived if seen.