FX.co ★ #Litecoin chart analysis

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