FX.co ★ #Litecoin chart analysis

#Litecoin H4 So far the moving average is preventing the asset's price from continuing northward and, apparently, it may again go to the support level at 51.70. Breaking this support is an opportunity to continue downward toward the support at 48.47. However, it is necessary for prices to hold below the level, which will become the signal for further downside. If prices move above the moving average now, that could be an upside move toward resistance at 55.33. I personally expect a break of the support at the moment, and then we'll see what happens next. All the best.