FX.co ★ #Litecoin chart analysis

#Litecoin H1 Currently the asset is trading below the resistance level 55.33 and the moving average, one could say, supports the upward direction. A break above this resistance level would be an opportunity to continue higher, but a signal that continuation is likely will be a sustained close of prices above this resistance. In that case there would be a prospect to continue toward the resistance at 58.81. A bounce off the resistance with prices moving below the moving average would open the possibility of a downside move, with support at 51.87 as the target of that southward direction. All the best.