15.02.202307:07 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for February 15, 2023

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Litecoin has rallied nicely just as we expected. The low at 88.25 was in no danger of being tested or broken as Litecoin rallied strongly above resistance at 94.96 and should continue higher towards 107.82 and 113.02 as the next upside targets.

Short-term we see support at the former resistance at 94.96 and then at 93.22. We could see the latter tested, but it's not necessary.

Torben Melsted
Analytical expert of InstaForex
© 2007-2025

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