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 acts as resistance to the upside and accordingly supports a bearish sentiment in the prices. There is a possibility of the support being breached and in that case, if they can close and hold below the level. Then prices in such a situation can be expected at the support level 50.00 and also possibly at 48.13. The upside direction that could become promising, is only above the level 57.12 and in that case if prices close and hold above the level. Resistance in that case to pay attention to is at the level 61.90. All the best.