FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 The asset has somewhat stalled and is currently trading almost flat. At the same time, as you can see, the moving average can still slightly support the southward direction, and in such a situation prices could move toward the support at the level 52.79. Resistance now is the level 57.73. So for now it doesn't look like a promising direction and we expect prices to break out in one direction or another, i.e., beyond the level. Then, if it manages to consolidate beyond the broken level, that consolidation will become the signal to continue the move. In short, I'm just an observer for now. All the best to everyone.