FX.co ★ #Litecoin chart analysis

#Litecoin H4 Murrey Levels Currently the asset is trading here between the support level 1/8 and the resistance 2\8. The moving average is not very informative in this situation. In other words, we expect the price to break out of this sideways channel, and once the price consolidates beyond one of the levels, one can conclude the direction will continue toward that breakout. If we take into account that the global trend is actually bullish and this is now a retracement, then one can reasonably expect a resumption of price growth, and in that case the asset's price may be drawn toward resistance at 3/8 and 4/8.. We'll see from there. All the best.