Litecoin failed to break above resistance at 94.95. This failure does open for an alternate count for wave ii. This count calls for wave ii to move lower, to just below support at 85.68, before tuning higher again through resistance at 94.95 and more importantly through resistance at 97.12 for the next impulsive rally towards 131.05 and above.
In the short term, only a direct rally above minor resistance at 93.84 will confirm that wave ii completed with the test of 91.94 and wave iii is in motion to above 94.95.
