FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset's price at the moment is below the level 49.34, and the moving average is above the price, which supports the downward path. That means at the moment it may continue to fall, and in that case support at the level 44.18 is the target of the move. I won't look lower for now because let that be worked out first. As for the upside scenario, it would require price to be above resistance and above the moving average, and only after price closes above that level. On the upside, the target can be noted as the resistance at the level 52.80, and further we'll see. All the best.