FX.co ★ #Litecoin chart analysis

#Litecoin H4 So far the resistance at 54.75 is keeping prices from moving higher and the moving average is slightly below the prices. It's quite possible that what's happening now is just a pullback and that afterwards 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 upward direction. The next target is this resistance at 58.42. We'll see how things actually play out further. Prices moving now below the moving average is not yet a verdict against the upside. We simply still have support at 50.52 and it is precisely a close below this level that would be the verdict against the upside and the prospect of a move down. Wishing everyone well.