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25.10.202306:09 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for October 25, 2023

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Litecoin is ready to challenge the resistance line from 114.92. This line currently sits near 72.69. Once broken, we should see Litecoin continue higher towards the next minor upside target at 76.64 and above. Ultimately, Litecoin is likely to continue all the way towards 131.05 in wave 3.

Short-term support is seen at 67.20 which we expect to act as a floor for the test of 72.69 on the way higher to 76.64 and above.

Torben Melsted
Analytical expert of InstaForex
© 2007-2024

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