FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset's price is currently trading at the support level of 53.90 and the moving average is above the price, which acts as resistance to the upside and accordingly supports a bearish sentiment for the price. There is a possibility of the support being broken and, in that case, if prices are able to settle below the level, then prices in such a situation can be expected at the support level of 50.00 and possibly at 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 that level. The resistance in that case to pay attention to is at 61.90. Wishing everyone well.