FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the asset's prices are below the level 58.00 and the moving average is pointing slightly down. It is quite likely that at the moment there is a chance and possibility to continue the southward direction toward the support at the level 53.30 and after testing it will head north. A break of the support is a continuation to the south but, only in the case if after the breach it manages to hold below. A move above resistance from the current levels is a continuation of the northward direction and also follows the principle of prices consolidating above the level. The upside prospect is the resistance at the level 61.90. All the best.