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 price which provides resistance to the upside and accordingly supports a bearish tone in the quotes. There is a possibility of the support being breached and in such a case, if the price can settle below the level. Then the quotes in such a situation can be expected at the support level 50.00 and also possibly 48.13. The upside direction that could become promising is only above the level 57.12 and in the event the price is able to settle above that level. Resistance in that case to pay attention to is at the level 61.90. All the best to everyone.