FX.co ★ #Litecoin chart analysis

#Litecoin H4 So far the resistance at 54.75 is keeping the price from moving higher and the moving average is slightly below the price. It is quite possible that this is just a pullback now, after which a breakout above the resistance will follow. In that case, a sustained price above the resistance level will indicate the asset's readiness to continue upward. The next resistance is at 58.42. We'll see how things play out later. A drop of the price below the moving average now is not yet a verdict against the upside. We simply still have support at 50.52 and it will be precisely a close below this level that will spell the end for the upside and indicate the prospect of a move down. All the best.