FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the asset's price has broken the support at level 52.79 and is currently attempting to hold below the level. Considering that the moving average is above the prices, a close below the level is quite possible. This kind of picture would indicate the possibility of continued decline and the support at level 48.13 could be considered a target for the downside. A move from the current levels above the level, and also above the moving average, would clearly be bullish and could reach resistance at level 57.73. After that we'll look at the actual outcome once one level or another is reached. All the best to everyone.