FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset's prices at this time are trading at support at the level 53.90 and the moving average is above the prices, which provides resistance to the upside and accordingly supports a bearish bias. There is a possibility of the support being breached and in that case, if prices manage to settle below the level. Then prices in such a situation can be expected at support at the level 50.00 and also possibly 48.13. The upside direction that could become promising is only above the level 57.12 and in the event that prices consolidate above that level. Resistance in that case to pay attention to is at the level 61.90. All the best.