The near-term view is suggesting that the bigger correction against the all-time low unfolded as a double three structure where wave (w) ended at $103.89 low, wave (x) bounce ended at $295.35 high. While wave (y) ended at $40.38 low and with that the correction against all-time lows ended in wave ((x)) pullback. Up from there, rally higher is taking place in 3 waves so far suggesting a possible nest in the making where cycle degree wave I ended at $114.82 high. Down from there, the pullback in wave II ended at $50.05 low & started wave III higher. Near-term, as far as dips remain above $50.05 low and more importantly above $40.38 low expect pair to resume the upside.
Litecoin LTCUSD Daily Elliott Wave Chart 6.09.2025
