FX.co ★ #Litecoin chart analysis

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