FX.co ★ #Litecoin chart analysis

#Litecoin H4 After testing the support at 52.79 Litecoin headed north and by now prices have already moved above the moving average. This indicates a probability of continued northward movement and in such a situation one can look toward the resistance at 57.73. Well once the resistance is actually tested it will be clear what will happen next and how. A break and hold above would be a continuation of the upside. A rejection at resistance accompanied by prices moving back below the moving average would indicate bearish sentiment. A return from current levels back below the level would signal weakness among the bulls and the downside would continue. All the best.