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 see, the moving average could still slightly support the downward direction and in that case the price may head to the support at 52.79. Resistance right now is at 57.73. So there's no clear directional outlook yet and we're waiting for the price to break out in one direction or the other, that is, beyond these levels. Then, if it manages to close and hold beyond the breached level, that hold will be the signal to continue in that direction. In short, I'm just an observer for now. All the best.