FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset's price has moved above resistance at 50.52 and the moving average, acting as support, is located slightly below the price. This could very well be a continuation of the uptrend and I consider the resistance level 54.75. After testing the resistance level it may pull back slightly. A move of the price now again below this level and the moving average is not yet a continuation of the downtrend. For a prospective downtrend the price needs to break below support at 48.20 and consolidate there. Good.