FX.co ★ #Litecoin chart analysis

#Litecoin H4 So. The breach of the support at 49.34 has occurred and the moving average which is above the prices indicates that they could very well hold below the level. In that case the asset could be set to continue the downward direction and the support at 44.18 still remains as the prospect for downward movement. The upward direction from the current levels is possible only by overcoming this level again to the upside as well as prices moving above the moving average. On the upside the level prices could reach is at 52.80. We won't look further for now, everything depends on actually reaching the level. Good luck to everyone.