FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset's prices have moved above the resistance at 50.52 and the moving average as support is located slightly below the prices. This could well be a continuation of the uptrend and I consider the resistance level 54.75. After testing the resistance level it may pull back a little. A move of the prices now again below this level and the moving average is not yet a continuation of a downtrend. For a prospective downtrend the prices need to drop below the support at 48.20 and hold there. Good.