FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset's quotes at this time are trading at the support level 53.90 and the moving average is above the prices which exerts resistance to the upside and accordingly supports a bearish sentiment of the quotes. There is a possibility of breaking the support and in that case, if they can manage to consolidate below the level. Then the quotes in such a situation can be expected at the support level 50.00 and it is also possible at 48.13. The bullish direction that may become promising is only above the level 57.12 and in that case if there is a consolidation of the quotes above the level. Resistance in that case, which can be worth paying attention to, is at the level 61.90. All the best to everyone.