FX.co ★ Elliott wave analysis of Litecoin for October 24, 2023

Litecoin is currently re-testing resistance at 70.44 after a temporary break above. We expect the former resistance now will act as support, but we could see a setback towards 68.82 before the next strong rally higher to test resistance at 72.69. A break above here will accelerate Litecoin higher towards resistance near 85.00, but ultimately, a rally towards 131.05 is expected as wave 3 progresses.