FX.co ★ #Litecoin chart analysis

#Litecoin H4 At the moment the asset's prices have tested the level 52.79 from below and it turns out that this is already resistance. The same goes for the moving average, that is, it is above the prices and therefore acts as resistance to the upside. So at the moment they can quite well continue the downward direction and in that case the support at the level 48.13 may be the main target of the downward move. We will see further based on the actual test of the support. The upward direction as a prospective scenario is actually the prices moving above resistance and above the moving average. Confirmation of a breakout is a close beyond it, it is worth remembering this. All the best to everyone.