FX.co ★ #Litecoin chart analysis

#Litecoin H1 Currently the asset is trading below the resistance level 55.33 and the moving average can be said to support the upward direction. Overcoming this resistance level is an opportunity to continue upward, but a signal that continuation is ready would be the consolidation of prices above this resistance. In that case there will be the prospect of continuing the move toward resistance at 58.81. A rebound from the resistance with prices moving below the moving average would already open the possibility for a move south, with support at 51.87 as the target for that southward move. Wishing everyone well.