FX.co ★ #Litecoin chart analysis

#Litecoin H4 Essentially the asset is steadily declining and at the moment is trading at the support level of 49.34. The moving average, which is above the prices, supports the downward direction and prevents the upside from occurring. So there is currently a probability of the support being breached. In that case, after prices consolidate below the level one can look toward the support at 44.18 ; then we will see further. The upward direction here is likely only above the moving average, above resistance 52.80, and likewise according to the principle of prices consolidating above the level. Resistance at 57.82 in that case may be of interest to the asset's price. All the best to everyone.