FX.co ★ #Litecoin chart analysis

#Litecoin H4 Already for the third time they are testing the support at 49.34 and so far it cannot be overcome. At the moment we have the moving average above the prices and this is a resistance that does not allow the asset to move up. Therefore we have in mind, a move off the support with prices above the moving average is a bullish possibility and would in that case be able to target a rise to the resistance at 52.80. Well, we will see by the result of reaching it. But breaking the support will indicate the probability of continued decline and a close below the level will confirm that. Support at 44.18 would then be the prospective direction. Wishing everyone well.