FX.co ★ Elliott wave analysis of Litecoin for July 13, 2023

We have seen the expected minor corrective decline in wave ii to 95.11 and should see Litecoin challenge short-term important resistance at 98.60. A break above here will confirm that wave 2/ completed with the test of 92.22 and wave 3/ of 3 is unfolding towards 131.05 and possibly even higher.

A break above resistance at 98.60 will call for a re-test of 104.45 and then 114.92 before the 131.05 target.