FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment it appears that the asset's price tested the level 60.50 from above, and this means that this level is acting as support. The moving average plays the same role of support; it is below the price and is also support. That means it is quite logical now to continue the upward move, with resistance at the level 63.78 as the main target for today. I think they may try to break this resistance, and if in that case it manages to hold above, then that will be a continuation upward toward the next resistance at 70.21. As for the southward direction as a prospect, that would be a move below support and, of course, also with a close below the level. Wishing everyone well.