FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset's price has moved above the resistance level at 50.52 and the moving average, serving as support, is slightly below the price. This could well be a continuation of the northward direction and I consider the resistance level 54.75. After testing the resistance level, the price may pull back slightly. The price's retreat back below this level and the moving average now is, for the time being, not a continuation of the southward direction. For a prospective southward direction, the price needs to break below the support at 48.20 and hold there. Good.