FX.co ★ #Litecoin chart analysis

#Litecoin H4 After testing support at 52.79, Litecoin headed north, and for now prices have already moved above the moving average. This indicates a likelihood of continued northward movement, and in this situation you can look toward resistance at 57.73. Once that resistance is actually tested, it will be clear what happens next. A breakout and hold above it would be a continuation of the northward move. A rejection from resistance with prices moving back below the moving average would indicate a bearish sentiment. A return from current prices back below the level would be bull weakness and the downward direction would continue. All the best to everyone.