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. Testing the resistance level may then lead to a slight pullback. The price has again moved below this level and the moving average, this is not yet a continuation of the southward direction. For a prospective southward move the price needs to break below the support at 48.20 and consolidate there. Good.