FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the moving average is not allowing the asset's prices to continue upward and, it seems, they may go again to the support at 51.70. Breaking this support is an opportunity to continue down toward the support at 48.47. However, a close of prices below that level is necessary and will become the signal for further downside. A move now of prices above the moving average, in that case, could be upside toward resistance at 55.33. As for me, I currently expect precisely a break of the support and then we'll see how things unfold in practice. Good luck to everyone.