FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the asset continues in a southward direction and the target is the support at the level 51.70. The moving average is currently above the price and this is resistance to the upside and at the same time support for the southward direction. If this support level is broken the southward outlook can continue, but under one condition. The decline can continue if, after the breakout, the price manages to consolidate below the level. This factor rules out the possibility of a false breakout. And of course we understand that price can move up from any kind of support; at the moment there are no exceptions. Good luck to everyone.