FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the asset's price is below the level 58.00 and the moving average is pointing slightly down. It is quite likely that at the moment there is a probability and possibility to continue the southward direction to the support at the level 53.30 and, after testing it, move northward. A break of the support would be a continuation downward, but only if after the breakthrough it manages to consolidate below. A move from the current levels to above the resistance would be a continuation of the northward direction and also follows the principle of price consolidating above the level. The upside prospect is resistance at the level 61.90. All the best to everyone.