FX.co ★ #Litecoin chart analysis

#Litecoin H4 Essentially the asset is steadily declining and for now is trading at the support level 49.34. The moving average, which is above the price, favors the downside and prevents an upside from materializing. That means there is currently a chance of the support being broken. In that case, after positions are secured below the level one can look toward the support at the level 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 based on the price consolidating above the level. Resistance at the level 57.82 in that case may be of interest to the asset's price. All the best to everyone.