FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 The asset is currently trading in a sideways range with boundaries 48.20--50.52. The moving average in this case doesn't indicate much. It follows that one should expect a breakout of this sideways channel, and only after prices have confirmed beyond the channel should conclusions be drawn. It's quite possible that the bias is to the downside now, so it's worth considering the downside scenario. The downside target is the support at 44.76 , and after testing it prices could, of course, head north. Well then, of course let them go and we'll actually consider options for the continuation of the move. All the best.