FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the asset's quotes are testing resistance at the level 57.55 and the moving average, as can be seen, is below the quotes and thus points to support for the upside. That is, right now for the possibility to continue the northward direction it is necessary. First, simply to overcome the resistance and second, no less important, to hold above that very level. Only in that case will the possibility to continue the rise with a prospect toward the resistance level 61.90 appear. And if not a breakout, then a rebound off the resistance and a move below the moving average will indicate a continuation to the south toward the support at the level 53.50. All the best to everyone.