FX.co ★ Elliott wave analysis of Litecoin for July 6, 2023

Litecoin dipped to a low of 98.71 before turning higher again. We need a break above minor resistance at 106.57 to confirm that the corrective decline from 114.92 has been completed and a new impulsive rally is unfolding. As long as minor resistance at 106.57 is able to cap the upside, we must allow for a second dip to 98.71 or maybe just below before turning higher for real.

A break above 106.57 will call for a new test of the 114.92 high as Litecoin continues higher towards the 131.05 target and above.