FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the asset's price tested the level 52.79 from below and it turns out that this is already resistance. The moving average is the same: it is above the prices and therefore acts as resistance to upward movement. Therefore, at the moment the prices could quite well continue south, and in that case the support at 48.13 could be the primary target of the southward move. We'll see further once the support is actually tested. An upward direction becomes promising only after prices move above the resistance and above the moving average. Confirmation of a breakout is a close beyond the level; keep that in mind. All the best to everyone.