The analysis focuses on XLM/USD using Elliott Wave theory on the 4-hour timeframe, suggesting the price has bottomed and is potentially in the fifth wave to the upside. A five wave move is anticipated, targeting a new high above July's high around 60 cents, which could act as a strong resistance based on longer term charts dating back to 2017. As long as the 38 to 39 cents region holds as micro support, the uptrend should remain intact. A smaller support level is identified at 38 cents to 39 cents based on fibonacci retracement. The analysis offers an alternate scenario where the price is already in a third wave, targeting approximately 0.43. Resistance is noted around the 43 cents mark, meaning a new high is possible in the next impulse wave.