FX.co ★ #Litecoin chart analysis

#Litecoin H4 So far there is virtually no activity and the asset is trading within the levels 49.34//52.80. This gives us a support/ resistance and a potential direction can materialize if prices move away and close beyond the support or resistance level. In our case there is a downtrend and therefore it is logical to look towards continuation of the downward direction aiming for support at 44.18. A break of this structure would occur above our resistance. Both forecasts will only be able to fully work out if there is a confirmed close of prices beyond a level, it doesn't matter which one, what matters is the confirmation. Wishing everyone well.