FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset's price at this time is trading at the support level 53.90 and the moving average is above the price which acts as resistance to the upside and accordingly maintains the price's bearish bias. There is a possibility of the support being broken and in that case, if prices can consolidate below the level. Then prices in such a situation can be expected at the support level 50.00 and also possibly 48.13. The bullish direction that could become promising is only above the level 57.12 and in the event that prices consolidate above that level. The resistance in that case to watch is at the level 61.90. All the best.