FX.co ★ #Litecoin chart analysis

#Litecoin H4 So far there is practically no activity and the asset is trading within the levels 49.34//52.80. This forms our support/resistance and a prospective direction can develop if prices move away and consolidate beyond the support or resistance level. In our case there is a downward trend and therefore it makes sense to look for a continuation of the downtrend targeting support at 44.18. A break of this structure would be above our resistance. Both scenarios will only fully materialize if there is a confirmed close beyond a level; it doesn't matter which one, what matters is the confirmation. Wishing everyone well.