FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 The asset's price is currently trading at support at the level 53.90 and the moving average is above the price, which provides resistance to the upside and therefore supports a bearish/southward bias in the price. There is a possibility of the support being broken and in that case, if prices can settle below the level, then the price in such a situation can be expected at support at the level 50.00 and also possibly 48.13. The north/upside direction that could become promising is only above the level 57.12 and in the event that prices settle above that level. Resistance in that case, which may be worth noting, is at the level 61.90. All the best.