FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 So far the resistance at 54.75 is keeping prices from moving higher and the moving average is positioned slightly below the prices. It is quite possible that this is just a pullback now and that a breakthrough of resistance will follow. In that case, a close of prices above the resistance level would indicate the asset's readiness to continue its upward direction. The next target is the resistance at 58.42. We will see how it plays out in practice. A move of prices below the moving average now is not yet a death sentence for the upside. We still simply have support at 50.52 , and it is precisely a close below this level that will be the death knell for the upside and indicate a downward outlook. All the best.