FX.co ★ #Litecoin chart analysis

#Litecoin H4 Essentially the asset is steadily declining and at the moment is trading at support at the level 49.34. The moving average, which is above the price, favors the downward trend and prevents an upward move. So there is currently a possibility of the support being breached. In that case, once price has consolidated below the level, one can look toward support at 44.18 m and then we will see further. The upward direction here is likely only above the moving average, above resistance 52.80 and also by the principle of prices consolidating above the level. Resistance at 57.82 in that case may be of interest to the asset's prices. All the best to everyone.