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A good rule of thumb, I think, is that L1-L2 are Novice on the ACT-FL scale, L3-L4 are Intermediate, and L5 is Advanced. If you've not familiar with that scale, you can read up on descriptions of the different levels online and see where you think you fit.
In general, though, it's not worth it to study for placement tests. Take the test, see where you end up.
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