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 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 a bullish possibility and would in that case be able to aim for a rise to the resistance at 52.80. We'll see based on the result of reaching it. However, overcoming the support will indicate the likelihood of continued decline and a consolidation below the level will confirm this. Support at 44.18 would then be the prospective direction. All the best to everyone.