FX.co ★ #Litecoin chart analysis

#Litecoin H4 The asset's quotes are currently below the level 49.34 and the moving average is above the price, which supports a southward move. So at the moment they may continue to fall, in which case the support at 44.18 would be the target for that direction. I won't look lower for now because let them work that out first. As for the upside scenario, it would require price to be above resistance as well as above the moving average, and only after the price is actually consolidated above that level. To the north, the target can be the resistance at 52.80, and we'll see what happens next. Good luck to all.