FX.co ★ #Litecoin chart analysis

#Litecoin H4 So far the resistance at 54.75 is not letting prices move higher and the moving average is located slightly below the prices. It is quite possible that this is just a pullback right now and after that the resistance will be overcome. In that case, prices holding above the resistance level will indicate the asset's readiness to continue upward. The prospect is the resistance at 58.42. We'll see what happens next in practice. A move of prices now below the moving average is not yet a verdict against the upside. There is simply still support at 50.52 and it is precisely a close below this level that will be the verdict against the upside and the prospect of a move down. Wishing everyone well.