FX.co ★ #Litecoin chart analysis

#Litecoin H4 After testing support at the level 52.79 Litecoin moved north and at this time prices have already moved above the moving average. This indicates a likelihood of continued upward movement and in such a situation one can look toward resistance at the level 57.73. Well and there, once the resistance is actually tested, it will be clear what happens next. A break and consolidation above would be a continuation of the upward move. A rejection from resistance with prices moving below the moving average would be a bearish sentiment. A return from the current price back below the level would be a sign of bull weakness and the downward direction would continue. All the best.