diff --git a/internal/adapters/cloudformation/aws/ec2/adapt_test.go b/internal/adapters/cloudformation/aws/ec2/adapt_test.go
index 39101e3..c87b084 100644
--- a/internal/adapters/cloudformation/aws/ec2/adapt_test.go
+++ b/internal/adapters/cloudformation/aws/ec2/adapt_test.go
@@ -79,6 +79,54 @@ Resources:
       ImageId: "ami-79fd7eee"
       LaunchTemplate:
         LaunchTemplateName: MyTemplate
+`,
+			expected: ec2.EC2{
+				LaunchTemplates: []ec2.LaunchTemplate{
+					{
+						Metadata: types.NewTestMetadata(),
+						Name:     types.String("MyTemplate", types.NewTestMetadata()),
+						Instance: ec2.Instance{
+							Metadata: types.NewTestMetadata(),
+							MetadataOptions: ec2.MetadataOptions{
+								HttpEndpoint: types.String("enabled", types.NewTestMetadata()),
+								HttpTokens:   types.String("required", types.NewTestMetadata()),
+							},
+						},
+					},
+				},
+				Instances: []ec2.Instance{
+					{
+						Metadata: types.NewTestMetadata(),
+						MetadataOptions: ec2.MetadataOptions{
+							HttpEndpoint: types.String("enabled", types.NewTestMetadata()),
+							HttpTokens:   types.String("required", types.NewTestMetadata()),
+						},
+						RootBlockDevice: &ec2.BlockDevice{
+							Metadata:  types.NewTestMetadata(),
+							Encrypted: types.Bool(false, types.NewTestMetadata()),
+						},
+					},
+				},
+			},
+		},
+		{
+			name: "ec2 instance with launch template, ref to id",
+			source: `AWSTemplateFormatVersion: 2010-09-09
+Resources:
+  MyLaunchTemplate:
+    Type: AWS::EC2::LaunchTemplate
+    Properties:
+        LaunchTemplateName: MyTemplate
+        LaunchTemplateData:
+          MetadataOptions:
+            HttpEndpoint: enabled
+            HttpTokens: required
+  MyEC2Instance:
+    Type: AWS::EC2::Instance
+    Properties:
+      ImageId: "ami-79fd7eee"
+      LaunchTemplate:
+        LaunchTemplateId: !Ref MyLaunchTemplate
 `,
 			expected: ec2.EC2{
 				LaunchTemplates: []ec2.LaunchTemplate{
diff --git a/internal/adapters/cloudformation/aws/ec2/instance.go b/internal/adapters/cloudformation/aws/ec2/instance.go
index 7bc08e0..1c2e0cf 100644
--- a/internal/adapters/cloudformation/aws/ec2/instance.go
+++ b/internal/adapters/cloudformation/aws/ec2/instance.go
@@ -22,7 +22,7 @@ func getInstances(ctx parser.FileContext) (instances []ec2.Instance) {
 			UserData: r.GetStringProperty("UserData"),
 		}
 
-		if launchTemplate := findRelatedLaunchTemplate(ctx, r); launchTemplate != nil {
+		if launchTemplate, ok := findRelatedLaunchTemplate(ctx, r); ok {
 			instance = launchTemplate.Instance
 		}
 
@@ -48,22 +48,36 @@ func getInstances(ctx parser.FileContext) (instances []ec2.Instance) {
 	return instances
 }
 
-func findRelatedLaunchTemplate(fctx parser.FileContext, r *parser.Resource) *ec2.LaunchTemplate {
+func findRelatedLaunchTemplate(fctx parser.FileContext, r *parser.Resource) (ec2.LaunchTemplate, bool) {
 	launchTemplateRef := r.GetProperty("LaunchTemplate.LaunchTemplateName")
+	if launchTemplateRef.IsString() {
+		res := findLaunchTemplateByName(fctx, launchTemplateRef)
+		if res != nil {
+			return adaptLaunchTemplate(res), true
+		}
+	}
 
-	if !launchTemplateRef.IsString() || launchTemplateRef.IsEmpty() {
-		return nil
+	launchTemplateRef = r.GetProperty("LaunchTemplate.LaunchTemplateId")
+	if !launchTemplateRef.IsString() {
+		return ec2.LaunchTemplate{}, false
 	}
 
+	resource := fctx.GetResourceByLogicalID(launchTemplateRef.AsString())
+	if resource == nil {
+		return ec2.LaunchTemplate{}, false
+	}
+	return adaptLaunchTemplate(resource), true
+}
+
+func findLaunchTemplateByName(fctx parser.FileContext, prop *parser.Property) *parser.Resource {
 	for _, res := range fctx.GetResourcesByType("AWS::EC2::LaunchTemplate") {
 		templateName := res.GetProperty("LaunchTemplateName")
 		if templateName.IsNotString() {
 			continue
 		}
 
-		if launchTemplateRef.EqualTo(templateName.AsString()) {
-			launchTemplate := adaptLaunchTemplate(res)
-			return &launchTemplate
+		if prop.EqualTo(templateName.AsString()) {
+			return res
 		}
 	}