FX.co ★ Elliott wave analysis of Litecoin for June 22, 2023

Litecoin continues to move higher as expected and has now broken nicely into the first consolidation zone between 86.87 - 89.87. This could temporarily hold back the climb, but it should only be temporary before the next move higher to resistance at 95.71. A break above here and more importantly above resistance at 97.51 will confirm the expected rally higher towards 131.05 and more likely closer to the 1.6181-time wave 1 at 171.43 as wave 3 progresses.