FX.co ★ #Litecoin chart analysis

#Litecoin H4 Well then. The breakdown of support at the level 49.34 has occurred, and the moving average, which is above the price, indicates that prices could well consolidate below the level. In that case the asset could aim to continue the downward direction and the support at 44.18 still remains the prospect for a southward move. A northward move from the current level is possible only by reclaiming this level to the upside and the price breaking above the moving average. To the upside, the level prices may reach is 52.80. We won't look further for now; everything will be assessed when the level is reached. All the best.