FX.co ★ #Litecoin chart analysis

#Litecoin H4 Well then. The breach of support at the level 49.34 is present and the moving average, which is above prices, indicates that they could quite well consolidate below the level. In that case the asset could claim a continuation of the downward direction and the support at the level 44.18 still remains as a prospect for further downward movement. A northward move from the current levels is possible only by overcoming this level upward again as well as prices breaking above the moving average. To the north, the level prices may reach is 52.80. We won't look further for now; everything will depend on actually reaching the level. All the best.