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 becomes our support/resistance and a prospective direction can take place if prices move away and hold beyond the support or resistance level. In our case there is a bearish trend and therefore it is logical to look toward a continuation of the downward direction targeting support at the level 44.18. A break of this structure would be a move above our resistance. Both scenarios can be realized fully only if prices actually hold beyond a level; it doesn't matter which one, what matters is the hold. All the best to everyone.