FX.co ★ #Litecoin chart analysis

#Litecoin H4 Well. The break of the support at 49.34 has occurred and the moving average, which is above the prices, indicates that they could well consolidate below the level. In that case the asset could aim for a continuation of the downward direction and the support at 44.18 still remains as the prospect for downward movement. An upward move from the current levels is only possible if this level is overcome again to the upside and prices move above the moving average. On the upside the level prices may reach is at 52.80. We won't look further for now; everything depends on actually reaching the level. All the best to everyone.