FX.co ★ #Litecoin chart analysis

#Litecoin H4 So far the moving average is not allowing the asset's prices to continue northward and, apparently, they may go again to the support at 51.70. A breach of this support is an opportunity to continue downward toward the support at 48.47. But a consolidation of prices below the level is needed, which will become the signal for further southward movement. If prices now move above the moving average, that could instead be a move north toward the resistance at 55.33. As for me, at the moment I expect precisely a break of the support, and then we'll see what and how further in practice. Good luck to everyone.