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26.09.202307:18 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for September 26, 2023

Exchange Rates 26.09.2023 analysis

Litecoin hasn't done much lately as we have seen a consolidation below short-term important resistance at 70.44. Only a break above here will confirm that wave 2 completed at 57.40 and a new impulsive rally in wave 3 is ready to unfold towards the 130.05 target.

That said, we do expect that support in the 60.00 - 61.78 area will continue to act as a solid floor for the eventual break above resistance at 70.44 for renewed upside pressure towards 85.35 and above.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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