FX.co ★ Elliott wave analysis of Litecoin for September 26, 2023

Litecoin hasn't done much lately as we have seen a consolidation below short-term important resistance at 70.44. Only a break above here will confirm that wave 2 completed at 57.40 and a new impulsive rally in wave 3 is ready to unfold towards the 130.05 target.

That said, we do expect that support in the 60.00 - 61.78 area will continue to act as a solid floor for the eventual break above resistance at 70.44 for renewed upside pressure towards 85.35 and above.