FX.co ★ #Litecoin chart analysis

#Litecoin H1 The asset is currently 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 upward, but a signal that the move is ready to continue will be prices holding above this resistance. In that case there will be a prospect to continue toward the resistance at 58.81. A rejection at resistance accompanied by prices falling below the moving average would indicate downside potential, with support at 51.87 as the target for that downward direction. All the best to everyone.