02.10.202306:49 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for October 2, 2023

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Litecoin has rallied nicely out of the 58.75 low and should soon test key resistance at 70.44. A break above here will confirm that wave 2 has been completed and wave 3 higher towards 130.05 is in motion.

In the short term, we see support near 64.82 which is expected to act as a floor for the test of key resistance at 70.44.

Torben Melsted
Analytical expert of InstaForex
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