FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset has somewhat stalled and is now trading almost flat. At the same time, as you can see the moving average may still slightly favor the downside, and in that case they may head to the support at 52.79. Current resistance here is the level 57.73. So at the moment there's no promising direction, and we expect the price to break out in one direction or the other, i.e., beyond the level. Then, if it manages to consolidate beyond the level it has overcome, that consolidation will be the signal to continue in that direction. In short, I'm just an observer for now. All the best to everyone.