FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset is currently trading at the support level of 53.90 and the moving average is above the price, which provides resistance to the upside and accordingly supports a bearish sentiment. There is a possibility of the support being breached and in that case, if prices are able to settle below the level. Then prices in that situation can be expected at the support level of 50.00 and possibly 48.13. The upside direction that could become promising is only above the level 57.12 and in the event that prices manage to settle above the level. Resistance in that case to watch is at the level 61.90. All the best to everyone.