FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the present time the asset's quotes 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 an opportunity to continue the southward direction toward support at the level 53.30 and, after testing it, head north. A break of support would be a continuation to the downside, but, only if after the breach the price manages to consolidate below. A move from the current levels above resistance, is a continuation of the northward direction and also follows the principle of prices consolidating above the level. The upside prospect is resistance at the level 61.90. All the best.