FX.co ★ Elliott wave analysis of Litecoin for October 4, 2023

Minor support at 64.85 failed to act as a floor and therefore the former corrective target-area between 61.78 - 63.05 is revived again. Once tested we should see a new run towards key-resistance at 70.44 as a break above here is needed to confirm that wave 2 has completed and wave 3 is in motion for a rally towards 131.05.

At no point can a break below support at 57.69 be allowed as that will tell us, that wave 2 still is unfolding.