FX.co ★ #Litecoin chart analysis

#Litecoin H4 Well. The support at level 49.34 has been breached and the moving average, which is above the price, indicates that they could well hold below the level. In that case the asset could target a continuation of the downtrend and the support at 44.18 still stands as the prospect for further downside. An upward move from current levels is only possible by reclaiming that level again to the upside and by price breaking out above the moving average. On the upside the level prices could reach is 52.80. We won't look further for now — everything depends on actually reaching the level. All the best.