FX.co ★ Elliott wave analysis of Litecoin for July 27, 2023

Litecoin has rallied nicely off the ending diagonal support line near 88.01. A clear break above the ending diagonal resistance line near 91.30 will set the stage for Litecoin's rally higher towards important resistance at 96.39. Above here, it will confirm that wave 2/ has been completed and wave 3/ higher towards 131.05 is in motion.

Support is now seen at 90.21 that ideally will act as a floor for the expected break above 91.30 and more importantly 96.39.