FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the asset's price has broken the support at 52.79 and is currently attempting to hold below the level. Considering that the moving average is above the price, consolidation below the level is quite possible. Such a picture would indicate the potential for continued decline, and the support at 48.13 could be considered the downside target. A move from the current levels back above the level and above the moving average would clearly be bullish, allowing a move toward the resistance at 57.73. From there we'll watch which level gets reached. Best wishes to everyone.