FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 In essence the asset is steadily declining and for now is trading at the support level 49.34. The moving average that is above the price supports the downward direction and prevents an upward move. That means there is currently a chance the support will be broken. In that case, after positions are secured below the level one can look toward the support at the level 44.18 m further we will see. An upward direction here is likely only above the moving average, above resistance 52.80 and also by the principle of price consolidating above the level. Resistance at the level 57.82 could then be of interest to the asset's price. All the best.