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 can still slightly support the downward direction, and in this situation prices could move to the support at the level 52.79. Resistance for us right now is the level 57.73. So there is no sign of a promising direction yet, and we expect a breakout of price action in one direction or another, i.e., beyond the level. Then, if it manages to consolidate beyond the breached level, that consolidation will be the signal to continue the direction. In short, for now I'm just an observer. Wishing everyone well.