FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset has somewhat stalled and is now trading almost flat. At the same time, as can be seen, the moving average may still somewhat support the downward direction, and in such a situation prices may head to the support level 52.79. Resistance for us right now is the level 57.73. So for now there’s no promising direction, and we are waiting for a breakout of prices to either side, i.e., beyond these levels. Then, if it’s possible to consolidate beyond the breached level, that consolidation will become the signal to continue in that direction. In short, I’m just an observer for now. All the best to everyone.