Technical analysis of Litecoin/USD for September 20, 2021

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Litecoin should move just below 161.00 to complete the expanded flat correction and then shoot higher towards the former peak near 414 and ultimately above here too. In the short term, we expect resistance near 171.45 to cap the upside for the expected dip to just below 161.00 to complete the corrective decline before the next strong impulsive rally is in the cards.

The material has been provided by InstaForex Company - www.instaforex.com

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