We perform an analysis of the electroweak precision observables in the
Lee-Wick Standard Model. The most stringent restrictions come from the S and T
parameters that receive important tree level and one loop contributions. In
general the model predicts a large positive S and a negative T. To reproduce
the electroweak data, if all the Lee-Wick masses are of the same order, the
Lee-Wick scale is of order 5 TeV. We show that it is possible to find some
regions in the parameter space with a fermionic state as light as 2.4-3.5 TeV,
at the price of rising all the other masses to be larger than 5-8 TeV. To
obtain a light Higgs with such heavy resonances a fine-tuning of order a few
per cent, at least, is needed. We also propose a simple extension of the model
including a fourth generation of Standard Model fermions with their Lee-Wick
partners. We show that in this case it is possible to pass the electroweak
constraints with Lee-Wick fermionic masses of order 0.4-1.5 TeV and Lee-Wick
gauge masses of order 3 TeV.Comment: 24 pages, 7 figure