FX.co ★ #Litecoin chart analysis

#Litecoin H4 So far the resistance at 54.75 is not allowing the prices to go higher and the moving average is slightly below the prices. It is quite possible that this is just a pullback now and that afterwards the resistance will be overcome. In that case, consolidation of prices above the resistance level will indicate the asset's readiness to continue its upward direction. The next resistance is at 58.42. We'll see how it plays out. A drop 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 exactly a close below this level that would be a verdict against the upside and the prospect of a downward move. Good luck to everyone.