FX.co ★ #Litecoin chart analysis

#Litecoin H4 So far the moving average is preventing the asset's price from continuing higher and, apparently, prices may again move to the support at 51.70. A break below that support would allow the downward movement to continue to the support at 48.47. However, a sustained close below the level is required, which would then be the signal for further downside. A move of prices now above the moving average could, in that case, be an upward move toward resistance at 55.33. As for me, at the moment I expect precisely a break of the support and then we'll see how things play out. All the best to everyone.