FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 At the moment the asset continues a southward trend and the target is the support at 51.70. The moving average at this time is above the price and acts as resistance to the upside and at the same time as support for the downside. If this support level is broken the southward outlook can continue, but under one condition. The decline will be able to continue if, after the breakout, prices can close and hold below the level. This factor rules out the possibility of a false breakout. And of course we understand that prices can move north from any type of support; at the moment there are no exceptions. Good luck adding to your positions, everyone.