FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset has somewhat stalled and is currently trading almost flat. At the same time, as you can notice, the moving average can still slightly support the downward direction and in this situation prices may move to the support at 52.79. Resistance for us right now here is the level 57.73. So for now it doesn't look like a promising direction and we expect prices to break out to one side or the other, that is, beyond the level. Later, if it manages to hold beyond the breached level, that very hold will become the signal to continue the move. In short, I'm currently just an observer. Wishing everyone well.