FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4

Right now Litecoin quotes are testing the resistance at 44.67, and as you can see the moving average is supporting the bullish sentiment, lying slightly below the price. From this resistance level the quotes usually tend to move south, and if they also break through the moving average, then in that case the downward move can continue almost to the support at 43.03, and from there we’ll see what happens next. It’s also worth considering the scenario of breaking the resistance. If the price manages to consolidate above the resistance, then we could see the asset’s quotes at the resistance level of 46.26. Profits to everyone.