FX.co ★ #Litecoin chart analysis

#Litecoin H4 So far resistance at the level 54.75 is preventing prices from moving higher and the moving average is slightly below the prices. It's quite possible that this is just a pullback and will be followed by a breakout of the resistance. In that case, a close of prices above the resistance level will indicate the asset's readiness to continue in an upward direction. The prospective target is the resistance at 58.42. We'll see how it plays out later. A move of prices below the moving average now is not yet a verdict against the upside. We still have support at 50.52 and a confirmed close below that level would be the verdict against the upside and signal a downward outlook. Wishing everyone well.