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 an upward direction. Overcoming this resistance level would present an opportunity to continue upward, but the signal that the move is ready to continue will be a decisive close of prices above that resistance. In that case there will be the prospect of continuing toward resistance at 58.81. A rejection from the resistance with prices moving below the moving average would already indicate downside potential and support at 51.87 as the target of that southward move. Best wishes to all.