FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment it turns out that the asset's prices tested the level 60.50 from above and this means that this level is support for us. In exactly the same way the moving average acts as support — it is below the prices and is also support. So it is quite logical now to continue the upward move and the resistance at 63.78 is the main target for today. I think the price may attempt to break through this resistance and if in that case it manages to hold above, then it would be a continuation upward to the next resistance at 70.21. As for the downside direction as a potential scenario, that would actually be a move below support and, of course, also with a close below the level. Wishing everyone well.