FX.co ★ #Litecoin chart analysis

#Litecoin H4 Murray levels Now the asset here is trading 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 prices to break out of this sideways channel, and once prices have been confirmed beyond one of the levels you can conclude the direction will continue toward the breakout. If we consider that, in fact, the global trend is upward and this is currently a pullback, then one can reasonably expect a resumption of price growth and in that case the asset's prices may be pulled toward resistance at the level 3/8 and 4/8.. Well, we'll see then. All the best.