FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the moving average is preventing the asset's price from continuing north and, apparently, prices may go again to the support at 51.70. A break of that support would allow continuation downward to the support at 48.47. However, a close below that level is necessary, and that would be the signal to continue lower. A move now above the moving average, on the other hand, could be a move north to the resistance at 55.33. I personally currently expect a break of the support and then we'll see what happens next in practice. Good luck to everyone.