FX.co ★ #Litecoin chart analysis

#Litecoin H4 Essentially the asset is steadily declining and is currently trading at the support level 49.34. The moving average, which is above the price, favors the downward direction and prevents an upward move. So there is currently a chance that support will be broken. In that case, after prices hold below the level, one can look toward the support at 44.18 and then we'll see. An upward direction here is likely only above the moving average, above resistance 52.80, and also by the principle of prices consolidating above the level. Resistance at 57.82 could then be of interest to the asset's price. All the best.