FX.co ★ #Litecoin chart analysis

#Litecoin H4 Currently it turns out that the asset's prices have tested the level from above 60.50 and this means that this level is support. The moving average plays the role of support as well; it is below the prices and also a support. That means it is quite logical now to continue the upward path and the resistance at 63.78 is the main target for today. I think they may attempt a breakout of this resistance and if in that case it manages to hold above, then this is a continuation upward to the next resistance at 70.21. As for the southward direction as a possibility, that is in fact a move below the support and, of course, also consolidation below the level. All the best to everyone.