FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the asset's quotes are 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 opportunity to continue the southward direction toward the support at the level 53.30 and, having tested it, then head north. A break of the support is a continuation of the south but only in the event that after the breach it is possible to secure a close below. A move from the current levels above the resistance is a continuation of the northward direction and also follows the principle of prices holding above the level. The upside prospect is resistance at the level 61.90. All the best to everyone.