29.11.202307:01 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for November 29, 2023

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Litecoin broke above minor resistance at 69.38, indicating that the corrective decline from 76.75 has been completed and a new rally to re-test this peak and ultimately above should be expected. The next resistance to look for is seen at 72.19. A break above here will confirm the expected test of the former peak at 76.75 as Litecoin continues higher towards 96.75 and 114.92.

Support is now seen at 69.25 and then at 67.86. The latter should not be broken.

Torben Melsted
Analytical expert of InstaForex
© 2007-2025

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