FX.co ★ Elliott wave analysis of Litecoin for July 11, 2023

Litecoin has rallied nicely from the 92.00 low and should test strong resistance at 98.60 soon. This resistance will likely reject the first attempt and cause a temporary corrective setback towards 95.11 before the next and likely more serious attempt to break above important resistance at 98.60. A clear break above here will confirm the completion of the corrective decline in wave 2/ and the impulsive rally in wave 3/ as unfolding towards 114.20 and 131.05 as the next upside targets.