FX.co ★ #Litecoin chart analysis

#Litecoin H4 Already the third time the support 49.34 is being tested and so far it cannot be broken. At the moment the moving average is above the prices and this is resistance that prevents the asset from moving up. Therefore we have in mind, a move away from the support with prices above the moving average is a bullish opportunity and could in that case target a rise to resistance at 52.80. We'll see the result when that is reached. But a breach of the support will indicate the likelihood of continued decline and a close below the level would confirm this. Support at 44.18 in that case would be the prospective target. All the best.