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Analytical Reviews

Crypto-currencies

14.11.202308:29 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for November 14, 2023

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 14.11.2023 analysis

Litecoin is following the expected path lower to test support near 67.85 before turning higher again. That said, we should be aware that we only expect a temporary setback before the next impulsive push higher towards 97.35 and ultimately, towards the long-term target at 131.05.

In the short term, we see minor resistance at 72.65 which could cap the upside for the push towards 67.85.

Torben Melsted
Analytical expert of InstaForex
© 2007-2025

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Technical analysis

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