FX.co ★ Elliott wave analysis of Litecoin for July 4, 2023

We have now seen the expected consolidation back to support near 105.67 and Litecoin could regain its upside momentum for the next leg higher towards the 131.05 target and ultimately higher towards the 171.43 target.

That said we need to see Litecoin conquer resistance at 114.92 to confirm the next leg higher towards 131.05. If the next rally fails near 110 and then the price dips below support at 105.102, that will extend the corrective decline from 114.92 closer to 97.26 before turning higher again.