FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset's price is currently trading at support at the level 53.90 and the moving average is above the price, which provides resistance to the upside and accordingly supports a bearish bias. There is a chance the support will be broken, and in that case, if prices are able to settle below the level, then prices in such a situation could be expected at support at the level 50.00 and possibly 48.13. The bullish direction that could become viable is only above the level 57.12 and only if prices manage to hold above that level. Resistance to watch in that case is at the level 61.90. Good luck to all.