FX.co ★ Elliott wave analysis of Litecoin for October 2, 2023

Litecoin has rallied nicely out of the 58.75 low and should soon test key resistance at 70.44. A break above here will confirm that wave 2 has been completed and wave 3 higher towards 130.05 is in motion.

In the short term, we see support near 64.82 which is expected to act as a floor for the test of key resistance at 70.44.