FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 Murray levels

Right now Litecoin quotes are testing resistance at the +2/8 level, and this is, one could say, the last level that can send the quotes back to the south. If that happens, the downward move can continue toward support at the 7/8 level, and roughly in the same area there will also be support from the moving average. A breakout of the resistance and consolidation of quotes above it is of course a move to the north, but in this situation they may shift into a sideways movement. As for the south as a promising direction, unfortunately, for now it seems to me that looking to the downside as a priority only makes sense intraday. All the best to everyone.