FX.co ★ #Litecoin chart analysis

#Litecoin H1 The asset is currently trading below the resistance level 55.33 and the moving average can be said to support a northward direction. Breaking through this resistance level is an opportunity to continue upward but the signal that the move is ready to continue will be the consolidation of prices above this resistance. In that case there is a prospect to continue toward resistance at 58.81. A rejection from resistance with prices moving below the moving average would open the possibility of a southward move and support at 51.87 as the target of that southbound direction. Wishing everyone well.