FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset's prices at this time are trading at support at the level 53.90 and the moving average is above the prices, which provides resistance to the upside and accordingly supports a southward bias in the prices. There is a possibility of the support being breached and in that case, if they can hold below the level. Then prices in such a situation can be expected at support at the level 50.00 and also possibly 48.13. The northward direction that could become promising, is only above the level 57.12 and in the event that prices consolidate above the level. The resistance in that case to watch is at the level 61.90. Good luck to all.