FX.co ★ Elliott wave analysis of Litecoin for October 17, 2023

Litecoin is ready to break above resistance seen at 68.80 and 70.14 for a strong rally higher towards 104.04 and ultimately higher towards 131.05 and above. We see support near 62.10 which ideally will be able to act as a floor for the next push higher through resistance at 68.80.

At no point can a break below support at 57.69 be allowed under the preferred count. A break below 57.69 will call for an alternative count.