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25.11.2022 08:25 AM
Elliott wave analysis of Litecoin for November 25, 2022

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Litecoin is consolidating the break above the expanding leading diagonal resistance line near 75.00. We expect this line to provide more support to Litecoin and ultimately work as a spring for the next big rally higher to 96.90 and 104.96 as the next upside targets.

Longer term we expect that the rally in Litecoin will continue higher towards the peak a year ago near 300.

Torben Melsted,
Analytical expert of InstaForex
© 2007-2024
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