FX.co ★ #Litecoin chart analysis

#Litecoin H4 Continuing upward didn't work out so far and prices, having broken through the moving support, are somewhat directed down toward the support at the level 66.82. Given that continuation upward didn't work out, they could very well go for a break below the support. In that case, conclusions about a continuation of the downward direction should be made only after prices have firmly settled below the level. The target can be considered the support at the level 60.50. At the same time we understand a simple thing. Any support can instantly reverse prices to the upside and that is precisely why caution in our business is never superfluous, caution above all. All the best to everyone.