FX.co ★ #Litecoin chart analysis

#Litecoin H1 Currently the asset is trading below the resistance level 55.33 and the moving average, you could say, supports the upward direction. Overcoming this resistance level would be an opportunity to continue upward but, a signal that the move is ready to continue will be the fact of prices holding above this resistance. In that case there will be a prospect of continuing toward the resistance at 58.81. A rejection from resistance with prices moving below the moving average would already open downside opportunities and support at 51.87 as the target of that downward move. All the best.