FX.co ★ #Litecoin chart analysis

#Litecoin H4 The support at 49.34 is being tested for the third time already, and so far it cannot be overcome. At the moment we have the moving average above the prices and this is a resistance that prevents the asset from moving up. Therefore we have in mind, a move away from the support with prices above the moving average is upside potential and could in that case aim for a rise to the resistance at 52.80. Well, we'll see based on the result of reaching it. And a breakthrough of the support will indicate the likelihood of a continued decline and a close below the level will confirm it. Support at 44.18 would in that case be the directional prospect. All the best to everyone.