FX.co ★ #Litecoin chart analysis

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