FX.co ★ #Litecoin chart analysis

#Litecoin H4 Well then. The breach of support at the level 49.34 has occurred and the moving average which is above the price indicates that it is quite possible to remain below the level. In that case the asset could aim to continue the southward direction and the support at the level 44.18 still stands as the prospect for further downside. An upside from the current levels is possible only by breaking this level back upward and by the price moving above the moving average. To the north, the level the price may reach is 52.80. We won't look further for now; everything depends on actually reaching the level. Good luck everyone.