FX.co ★ #Litecoin chart analysis

#Litecoin H4 Right now it appears that the asset's prices have tested the level 60.50 from above, which means that this level is acting as support. The moving average also plays the role of support; it lies below the prices and is likewise a support. So it is quite logical now to continue the northward path and consider the resistance at 63.78 as the main target for today. I think they may attempt to break this resistance, and if in that case it manages to hold above, then it's a continuation north to the next resistance at 70.21. As for the southward direction as a prospect, that would in fact be a move below support and, of course, also consolidation below the level. All the best to everyone.