FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the asset's prices are below the level 58.00 and the moving average is slightly pointing down. It is quite likely that at this time there is a probability and possibility to continue the southward direction toward the support at the level 53.30 and, having tested it, head north. A break of the support is a continuation of the south, but, only if after the breach prices manage to consolidate below. A move from the current levels above resistance, is a continuation of the northward direction and also follows the principle of prices consolidating above the level. The upside prospect is resistance at level 61.90. All the best.