FX.co ★ Elliott wave analysis of Litecoin for July 5, 2023

Litecoin failed to hold above support at 105.69, which has open up for a deeper corrective decline closer to 99.71 before the next impulsive rally higher to 131.05 and ultimately above here too. Only a direct break above minor resistance at 109.69 will ease the downside pressure and call for more upside through resistance at 114.92 towards the 131.05 target.