FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the asset's price is below level 58.00 and the moving average is slightly sloping downward. It is quite likely that at the moment there is a probability and an opportunity to continue the southward direction toward the support at level 53.30 and, after testing it, head northward. A break of the support is a continuation of the south, but, only in the event that after the breach it manages to consolidate below. A move from the current levels above the resistance, is a continuation of the northward direction and also follows the principle of price consolidation above the level. The outlook to the north is resistance at level 61.90. All the best to everyone.