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

Litecoin could still see a final dip into the support area between 60.00 and 61.78 before completing a minor corrective decline from 68.40. Once this correction is done, renewed upside pressure through minor resistance at 65.85 is expected for a rally towards 114.20 and ultimately higher towards 130.05.

Only a direct break above minor resistance at 65.85 will confirm that the correction from 68.40 has been completed and renewed strength should be expected.