FX.co ★ #Litecoin chart analysis

#Litecoin H4 Well. A break of support at 49.34 has occurred and the moving average, which is above prices, suggests they could well hold below the level. In that case the asset could aim to continue the downside and support at 44.18 still remains a prospect for further downward movement. An upside from the current levels is only possible by reclaiming this level to the upside and by prices moving above the moving average. On the upside the level prices can reach is 52.80. We won't look further for now; everything depends on the actual reaching of the level. All the best.