FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the asset's price has broken the support at 52.79 and is currently attempting to hold below the level. Considering that the moving average is above the price, they could well secure below the level. This kind of picture would indicate the possibility of continued decline and the support at 48.13 can be considered the target to the downside. A move from the current levels back above the level, as well as above the moving average, would be clearly bullish and could move to resistance at 57.73. We will then watch what actually happens upon reaching one level or the other. Good luck to everyone.