FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset's price has moved above the resistance level at 50.52 and the moving average, acting as support, lies slightly below the price. This could well be a continuation of the upward direction, and I consider the resistance level 54.75. the target for this move. After testing the resistance level, it could pull back a little. The price moving now again below this level and the moving average is, for now, not a continuation of the downward direction. For a prospective downward move, the price needs to break below the support at 48.20 and hold there. Good.