FX.co ★ #Litecoin chart analysis

#Litecoin H4 For now there is practically no activity and the asset is trading within the levels 49.34//52.80. This gives us support/ resistance and the prospective direction can materialize in case prices move away with a confirmed close beyond the support or resistance level. In our case there is a bearish trend and therefore it is logical to look for continuation of the downside direction targeting support at 44.18. A break of this structure would occur above our resistance. Both forecasts will be able to play out fully only if there is a confirmed close beyond a level, it doesn't matter which one, what matters is the confirmation. Good luck to everyone.