FX.co ★ Elliott wave analysis of Litecoin for June 29, 2023

Litecoin has seen the expected corrective dip close to 81.50 (the low has been seen at 81.73). We could still see Litecoin move a bit lower, but all requirements have been fulfilled for the corrective decline from 93.80.

Short-term a break above minor resistance at 89.40 will be a strong indication that the corrective dip from 93.80 has completed and a new impulsive rally towards 131.05 is in motion.