FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 Basically the asset is steadily declining and at this time is trading at support at the level 49.34. The moving average which is above the price supports the bearish direction and does not allow a bullish move to take place. So there is currently a possibility of breaking the support. in that case after positions are fixed below the level one can look toward the support at the level 44.18 m then we will see further. The upward direction here is likely only above the moving average, above resistance 52.80 and also by the principle of prices consolidating above the level. Resistance at the level 57.82 in that case may be of interest to the asset's price action. All the best.