FX.co ★ #Litecoin chart analysis

#Litecoin H4 So far the resistance at 54.75 is preventing prices from moving higher and the moving average is slightly below the prices. It's quite possible that this is just a pullback now and that the resistance will be overcome afterwards. In that case, a consolidation of prices above the resistance level will indicate the asset is ready to continue its upward direction. The next target is the resistance at 58.42. We'll see further developments as they come. A move of prices now below the moving average is not yet a verdict against the upside. We still have support at 50.52 and it will be the consolidation below this level that will be a verdict against the upside and signal a move downwards. All the best.