FX.co ★ Elliott wave analysis of Litecoin for November 6, 2023

Litecoin has finally broken above the resistance at 70.44, confirming that wave 2 has been completed and wave 3 formed higher towards 131.05 is now in motion. Short-term we expect that the former resistance at 70.44 will act as support for the next push higher towards the first minor target at 76.64. But as wave 3 gathers momentum, these minor targets should only be minor bumps on the way higher towards 131.05.