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07.02.202307:57 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for February 7, 2023

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Litecoin has completed the minor correction from 102.39 and is now headed higher towards the next targets at 104.96 and 107.82. Longer term we continue to look for much higher levels at 121.43 and likely closer to 135.00 before we see some real resistance that will be able to turn Litecoin lower in a larger correction.

For now, we will stay focused towards the upside and a continuation higher to 104.96 as the next upside target.

Torben Melsted
Analytical expert of InstaForex
© 2007-2024

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