FX.co ★ Elliott wave analysis of Litecoin for October 10, 2023

Litecoin has now tested support at 61.78 and would ideally see a new impulsive rally higher through minor resistance at 65.00. More importantly, we should see a break above resistance at 66.26 as confirmation that the minor correction is complete and a new impulsive rally high through key resistance at 70.44 is unfolding for a rally towards the long-term target at 131.05 and possibly higher.

That said as long as minor resistance at 65.00 stays untouched, a final dip closer to 60.50 can not be excluded, but under no circumstance can a break below key support at 57.69 be allowed.