FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 At the moment the asset's price has breached the support at 52.79 and is currently attempting to consolidate below the level. if you take into account the fact that the moving average is above the price, they could quite possibly secure consolidation below the level. Such a setup would indicate the potential to continue falling and the support at 48.13 could be considered the downside target. A break from current levels back above the level, as well as above the moving average, would clearly be bullish and could push price to resistance at 57.73. After that we'll look at the situation once one level or another is reached. All the best.