FX.co ★ #Litecoin chart analysis

#Litecoin H4 Essentially the asset is steadily declining and for now is trading at the support level of 49.34. The moving average, which is above the prices, supports the downward direction and prevents the upside from materializing. So there is currently a possibility of the support being broken. In that case, after positions consolidate below the level one can look toward the support at 44.18 and then we will see further. An upward direction here is likely only above the moving average, above resistance 52.80, and also on the basis of prices consolidating above the level. Resistance at 57.82 in that case may be of interest to the asset's price. All the best to everyone.