FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset's price moved above resistance at the level 50.52 and at the same time 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 it can then move slightly in a pullback direction. The price moving now again below this level and the moving average, this is for now not a continuation of the downtrend. For a prospective downtrend the price needs to move below support at 48.20 and consolidate there. Good.