FX.co ★ Elliott wave analysis of Litecoin for July 25, 2023

The corrective decline from 114.92 has turned into a double zig-zag correction, which means a deeper corrective decline than first anticipated. We expect the 61.8% corrective target at 88.01 will reject the decline and turn prices higher again through minor resistance at 93.58, confirming that the corrective decline from 114.92 has been completed. So, renewed upside progress is unfolding towards 96.39 and 104.40 on the way higher to re-test the former peak at 114.92 and then 131.05.