FX.co ★ #Litecoin chart analysis

#Litecoin H4 Currently, the asset's price has tested the level 60.50 from above, which means this level is acting as support. The moving average also acts as support; it is below the price and provides support as well. So it is quite logical now to continue the upward move, with resistance at 63.78 as the primary target for today. I think they may attempt to break through this resistance, and if they manage to hold above it, then it would continue the upward move toward the next resistance at 70.21. As for the downside scenario, it would be a move below the support, of course confirmed by a close below the level. All the best.