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 slightly sloping down. It is quite likely that currently there is a probability and opportunity to continue the southward direction toward the support at 53.30 and, after testing it, head northward. A breakout of the support would be a continuation to the south but only if, after the breach, it manages to hold below. A move from the current levels above the resistance would be a continuation of the northward direction, also according to the principle of consolidation of quotes above the level. The upside prospect is resistance at 61.90. Good luck to everyone.