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03.07.202306:06 Forex Analysis & Reviews: Elliott wave analysis of Litecoin for July 3, 2023

Exchange Rates 03.07.2023 analysis

Litecoin has broken nicely above resistance at 103.41 and 105.67 calling for much more upside progress towards 131.05 and ultimately closer to 171.43 too. Short-term we could see Litecoin make a small set-back to re-test the former resistance at 105.67, but this time it should ideally be able to act as a strong support for the next impulsive rally higher to 131.05 and above.

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

Torben Melsted,
Analytical expert of InstaSpot
© 2007-2025
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