FX.co ★ nelle40 | #Litecoin chart analysis

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