FX.co ★ Elliott wave analysis of Litecoin for October 27, 2023

Litecoin is now ready to push higher through minor resistance at 70.44 and 72.69 for a rally towards at least 76.64 and likely much higher. In the long term, we are looking for wave 3 to take Litecoin higher towards 131.05.

Short-term support remains at 66.31 which we expect will continue to act as a floor for the next push through minor resistance at 70.44.