FX.co ★ #Litecoin chart analysis

#Litecoin H4 After testing support at 52.79 Litecoin headed to the upside and at this time prices have already moved above the moving average. This is a probability of continuation of the upside and in such a situation one can look toward resistance at 57.73. Well after the resistance is actually tested it will become clear what and how next. A break and hold above it would be a continuation of the upside. A rejection at resistance with prices falling below the moving average would be a bearish sentiment. A return from the current prices back below the level would be weakness of the bulls and the downside would continue. All the best.