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 at this time is above the price and this acts as resistance to the upside and, at the same time, as support for the downward direction. If this support level is broken the southward outlook can continue, but under one condition. The decline will be able to continue if, after the breakout, prices can hold below the level. This factor rules out the possibility of a false breakout. And, of course, we understand that price can bounce to the upside from any kind of support; at the moment there are no exceptions. Good luck to everyone.