🪙 Litecoin ($LTC ) Market Update – August 8, 2025

📊 Current Structure

LTC is showing signs of a corrective move upward, possibly forming:

A 5th wave in a diagonal pattern

OR a C-wave within a larger B-wave

Either way, the structure is not impulsive — this matters for predicting reliability.

🔁 Wave Breakdown

Move began from the $49–$50 zone in August 2024

Tracking a 1-2 setup → followed by an ongoing 3rd wave

This 3rd wave appears to be an ABC structure, with a potential target of $136 (138% Fibonacci extension)

⚠️ Key Support & Resistance

Micro Support Zone: $115.67 – $122.70

As long as LTC holds this range, there's potential for one more high

Drop below $115 could trigger a deeper B-wave correction

🔽 B-wave support area: $73 – $90

🧠 Conclusion

Litecoin seems to be in the late stages of its local uptrend, but hasn’t topped yet. One more high remains likely unless key support breaks.

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