FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 At the moment the resistance at 54.75 is preventing prices from moving higher and the moving average is slightly below the prices. It is quite possible that this is just a pullback and after that the resistance will be overcome. In that case, consolidation of prices above the resistance level will indicate the asset's readiness to continue upward. The target is the resistance at 58.42. We'll see what happens next in practice. A move of prices below the moving average now is not yet a death knell for the upside. We still have support at 50.52 and it will be consolidation below this level that spells the end for the upside and signals a move downward. Wishing everyone well.