FX.co ★ #Litecoin chart analysis

#Litecoin H4 Now it turns out that the asset's price tested the level 60.50 from above, and this means that this level is our support. Likewise, the moving average also plays the role of support; it is below the price and also provides support. So it is quite logical now to continue the upward move and the resistance at the level 63.78 is the main target for today. I think they may attempt to break this resistance, and if in that case they manage to consolidate above, then this would be a continuation upward to the next resistance at the level 70.21. As for the southward direction as a prospective scenario, it is in fact a move below support and, of course, also a consolidation below the level. All the best.