FX.co ★ #Litecoin chart analysis

#Litecoin H4 So. A breach of support at 49.34 has occurred and the moving average, which is above the prices, indicates that prices could well remain below the level. In that case the asset could be a candidate to continue the downward move and support at 44.18 still remains as the prospect for further southward movement. A northward move from the current levels is only possible by overcoming this level again to the upside and by prices moving above the moving average. On the upside, the level prices could reach is 52.80. We won't look further for now; everything depends on actually reaching the level. All the best.