FX.co ★ #Litecoin chart analysis

#Litecoin H4 Murrey levels Right now 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 prices to break out of this sideways channel, and once the prices have firmly closed beyond one of the levels one can conclude that the direction will continue toward the breakout. If we consider that the global trend is actually upward and this is a pullback now, then it is quite possible to expect a resumption of price growth and in that case the asset's prices may be drawn toward resistance at 3/8 and 4/8.. Well, we'll see then. All the best.