FX.co ★ #Litecoin chart analysis

#Litecoin H1 Currently the asset is trading below the resistance level 55.33 and the moving average can be said to support an upward direction. Overcoming this resistance level is an opportunity to continue the move up but, the signal that this direction is ready to continue will be the fact of prices consolidating above this resistance. In that case there will be the prospect of continuing the path to the resistance at 58.81. A bounce off the resistance with prices moving below the moving average would indicate potential for the downside, with support at 51.87 as the target of that downward move. Wishing everyone well.