#Litecoin Н4 Murrey Levels
Currently, Litecoin quotes are slightly pressured to the south, with the moving average acting as resistance above the quotes. This kind of chart pattern indicates the possibility of prices consolidating below the 3/8 level. According to the rules of these levels, if the quotes drop below this level and consolidate below it, it mostly signifies a continuation of the southern direction. Prices may test the 0/8 support below, and ruling out further downside movement is not advisable. For the northern path, the asset's quotes need to at least overcome the moving resistance and ideally close above the 5/8 level.
