FX.co ★ #Litecoin chart analysis

#Litecoin H4 Essentially the asset is steadily declining and is currently trading at the support level of 49.34. The moving average, which is above the price, supports the downward direction and prevents an upward move. So there is now a possibility of the support being broken. In that case, after prices settle below the level, one can look toward the support at 44.18 and we will see further. An upward direction here is only likely above the moving average, above the resistance 52.80, and also subject to consolidation of prices above the level. Resistance at 57.82 could then be of interest to the asset's price. All the best to everyone.