FX.co ★ #Litecoin chart analysis

#Litecoin H4 So. The breach of support at 49.34 is in place, and the moving average, which is above the price, suggests it could quite possibly consolidate below that level. In that case the asset could aim for a continuation of the downward direction and the support at 44.18 still stands as the target for further downside. An upside from the current levels is possible only if this level is overcome again to the upside and prices break above the moving average. On the upside, the level prices may reach is at 52.80. We won't look further for now; everything depends on actually reaching that level. All the best to everyone.