FX.co ★ Elliott wave analysis of Litecoin for October 23, 2023

Litecoin continues to push higher and is now testing minor resistance at 66.30. A break above here will call for a strong test of key resistance at 70.44 soon. Only a break above key resistance at 70.44 will confirm that wave 2 finally has been completed and wave 3 towards 131.05 is in motion.

Support is now seen at 63.18, this support will ideally be able to act as a floor for the break above key resistance at 70.44.