FX.co ★ #Litecoin chart analysis

#Litecoin H4 Currently the asset's price is testing resistance at 57.55, and the moving average, as can be seen, is below the price, thereby indicating upside support. That is, for the price to be able to continue upward now, two things are necessary. First is simply to break through the resistance, and second, no less important, is to consolidate above that very level. Only in that case will there be the opportunity to continue rising with a prospect toward the resistance level 61.90. But if there is no breakout, a rejection from resistance and a move below the moving average will indicate a continuation downward toward support at 53.50. Good luck everyone.