FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 The asset's price is currently trading at support around 53.90 and the moving average is above the price, which acts as resistance to the upside and accordingly supports a bearish bias. There is a possibility of the support being broken and in that case, if the price can settle below that level, prices in that situation could be expected at support around 50.00 and possibly also 48.13. The upside direction that could become promising is only above the level 57.12 and only if the price manages to settle above that level. Resistance in that case to watch is at 61.90. Wishing everyone well.