FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 At the moment the asset's prices have broken the support at the level 52.79 and are currently attempting to hold below the level. If you take into account that the moving average is above the prices, they could quite possibly consolidate below the level. This kind of picture would indicate the possibility of continued decline, and the support at the level 48.13 can be considered the target to the downside. A move from the current levels above the level, as well as above the moving average, would clearly reflect a bullish mood and could reach resistance at the level 57.73. We will watch further based on the actual reaching of one level or another. Best wishes to everyone.