27.12.202208:32 Forex Analysis & Reviews: Elliott wave analysis of Litecoin on December 27, 2022

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Litecoin is currently testing minor resistance near 69.50, but once this resistance is overcome there should be only little resistance before 79.85. In the longer term, we continue to look for much more upside towards 96.50 and 121.68 as the next upside targets.

As long as minor resistance at 69.50 is able to cap the upside, we could see a temporary setback to 68.85 but it should just be a matter of time before 69.50 gives away.

Torben Melsted
Analytical expert of InstaForex
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