FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the asset's price is testing resistance at the level 57.55 and the moving average, as can be seen, is below the price and thus indicates support for the upside. That is, right now for there to be a chance to continue the upward direction the following is necessary. First, simply to overcome the resistance, and second, no less important, to close above that very level. Only in that case will there be an opportunity to continue the rise with a target toward the resistance level 61.90. And if there is no breakout, then a rejection from resistance and a move below the moving average will indicate continuation to the downside toward support at the level 53.50. All the best.