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 very well be a continuation of the northward direction and I consider the resistance level 54.75. After testing the resistance level it may pull back a bit. A move of the price now again below this level and the moving average is, for now, not a continuation of the southward direction. For a prospective southward direction the price needs to drop below the support at 48.20 and consolidate there. Good.