FX.co ★ Elliott wave analysis of Litecoin for September 19, 2022

Litecoin is headed for a test of short-term important resistance at 70.44 and a clear break above here will confirm that wave 2 completed with the test of 57.69 and wave 3 higher towards at least 131.05 is in motion.

That said, we also have to accept, that a failure to break clearly above the short-term key resistance at 70.44 will call for a final dip to just below support at 57.40 to complete wave 2 and set the stage for a new impulsive rally in wave 3. So keep an eye on resistance at 70.44 as the signal to "GO" or wait a bit longer for the final dip.