Our latest analysis of Litecoin (LTC/USD) on the weekly chart suggests that LTC has completed a 1-2, 1-2 Elliott Wave sequence. The recent sharp upward movement, as seen in the chart, aligns with the start of a new impulsive wave.
With this structure in place, LTC exhibits significant potential to break upwards, possibly targeting higher resistance levels in the near future. Stay tuned for further updates!