FX.co ★ #Litecoin chart analysis

#Litecoin H1 The asset is currently trading below the resistance level 55.33 and the moving average, you could say, supports a northward direction. Breaking through this resistance level is an opportunity to continue the upward direction but, a signal of readiness to continue this direction will be the fact of prices consolidating above this resistance. In that case there will be the prospect of continuing the path to the resistance at 58.81. A rebound from the resistance with prices moving below the moving average is already downside potential and support at 51.87 as the target of this southward move. Wishing everyone well.