Litecoin is currently testing support in the 60.00 - 61.78 area, which we expect will be able to act as a floor for the next and likely successful break above resistance at 70.44 for a rally towards the long-term target at 131.05.
At no point can a break below support at 57.69 be allowed under the current count. An unexpected break below 57.69 will call for an alternative count, but the odds for this seem very low.
