FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 At the moment the asset's price has tested the level 52.79 from below, and it turns out that this is already resistance. The moving average is the same: it is above the price, so from its side there is resistance to the upside. Therefore, at the moment the price may quite well continue downward, and in that case the support at 48.13 may be the primary target for the downside. We will see further based on the actual test of the support. An upside scenario as promising would actually be the price moving above the resistance and above the moving average. Confirmation of breaking the level is a close beyond its boundaries; it's worth remembering that. Wishing everyone well.