FX.co ★ #Litecoin chart analysis

#Litecoin H4 So far the resistance at the level 54.75 is keeping prices from moving higher and the moving average is currently positioned slightly below the prices. It's quite possible that this is just a pullback now, after which the resistance will be overcome. In that case, a close of prices above the resistance level will indicate the asset's readiness to continue the uptrend. The next target is this resistance at 58.42. We'll see further developments as they unfold. A move of prices now below the moving average is not yet a final verdict on the uptrend. We simply still have support at the level 50.52 and it will be a close below this level that will be the verdict against the uptrend and signal a move downward. All the best to everyone.