FX.co ★ #Litecoin chart analysis

#Litecoin H4 So far the resistance at 54.75 is preventing prices from moving higher and the moving average is slightly below the prices. It's quite possible this is just a pullback now, after which the resistance will be overcome. In that case, a sustained close of prices above the resistance level will indicate the asset's readiness to continue moving upward. The next target is the resistance at 58.42. We'll see how it plays out further. A move of prices now below the moving average is not yet a verdict against the upside. We simply still have support at 50.52 , and it is a sustained close below this level that would be the verdict against the upside and signal the prospect of a downward direction. Good luck everyone.