Sunday's razor-thin election win by ruling party candidate Lenin Moreno bucked the trend of right-wing electoral victories in South America following 15 years of leftist domination.
Even as calls from Latin American governments congratulating Moreno poured in, Lasso, a conservative banker, vowed to keep up the fight against the installation of an "illegitimate" government.
"We're not afraid of the miserable cowards who are on the wrong side of history," he told a crowd of a few thousand supporters outside the National Electoral Council in Quito.
The scene was much calmer than the one on election night, when thousands of outraged Lasso supporters shouting "fraud" crashed through metal barricades to almost reach the entrance of the electoral council's headquarters in Quito. Scuffles also broke out in Guayaquil, where tear gas was fired to break up the crowd.
With more than 99 per cent of polling places counted, Moreno had 51 per cent of the vote while Lasso stood at just under 49 per cent.
Part of the problem is the opposition's distrust of the National Electoral Council, which it says has become an appendage of the executive in the way the electoral board in Venezuela has all but lost independence under President Nicolas Maduro, a key ally of Correa.
"We're looking at an unprecedented situation: those behind the fraud are the judges themselves," Lasso told foreign reporters, adding that his campaign would seek a recount once the results are certified. "We expect they'll deny our requests but in doing so they'll be confirming the fraud."
The Organisation of American States said its mission of electoral observers that visited at random 480 voting centers nationwide found no discrepancies between the tallies and the official results and encouraged Lasso to issue complaints through institutional channels.
Correa accused Lasso supporters of trying to deny the results and provoke violence. Yesterday, he sent a flurry of tweets saying the Lasso campaign had hired Cedatos.
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