FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the asset's price is below the level 58.00 and the moving average is looking slightly down. It is quite likely that at the moment there is a probability and possibility to continue the downside toward the support at 53.30 and, after testing it, head to the upside. A break of the support would be a continuation of the downside, but only if, after the breach, it manages to consolidate below. A move above resistance from the current levels would be a continuation of the upside and is also subject to the principle of prices consolidating above the level. The upside prospect is the resistance at 61.90. All the best.