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 currently a little below the prices. It's quite possible that this is just a pullback now, after which the resistance will be overcome. In that case, consolidation of prices above the resistance level will indicate the asset's readiness to continue upward. The target is the resistance at 58.42. We'll see how it plays out. A move of prices below the moving average now is not yet a verdict against the upside. We simply still have support at 50.52 , and a consolidation below this level would be the verdict against the upside and signal a likely move down. All the best to everyone.