FX.co ★ #Litecoin chart analysis

#Litecoin H1 Currently the asset is trading below the resistance level 55.33 and the moving average, you could say, supports the upward direction. A breakthrough of this resistance level is an opportunity to continue upward but, the signal of readiness to continue will be a sustained close above this resistance. In that case there will be the prospect to continue the path toward the resistance at 58.81. A rejection from resistance with prices dropping below the moving average, that would be a bearish scenario, with support at 51.87 as the target of that downside move. All the best.