FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 Well. The break below the support at 49.34 has occurred and the moving average, which is above the price, indicates that the price could quite possibly consolidate below the level. In that case the asset could be a candidate for a continuation lower and the support at 44.18 still stands as the prospect for downward movement. An upside move from the current levels is only possible by reclaiming that level to the upside and by the price moving above the moving average. On the upside the level the price could reach is at 52.80. We won't look further for now; everything will depend on reaching the level. All the best.