FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset's price has moved above resistance at the level 50.52 and the moving average acting as support is slightly below the price. This could well be a continuation of the upward direction and I consider the resistance level 54.75. After testing the resistance level it may pull back a little. A move back below this level and the moving average is not yet a continuation of the downward direction. For a prospective downward direction, the price needs to break below support at the level 48.20 and hold there. Good.