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 gives us support/resistance and the prospective direction can materialize in case the price moves away with consolidation beyond the support or resistance level. In our case there is a bearish trend and therefore it makes sense to look for continuation of the downtrend aiming for support at 44.18. A break of this structure would be above our resistance. Both projections will only fully play out if there is a confirmed close beyond a level; it doesn't matter which one, the confirmation is what matters. Wishing everyone well.