FX.co ★ #Litecoin chart analysis

#Litecoin H4 Continuing higher hasn't worked out so far, and prices, having broken the moving support, are slightly heading down to the support at 66.82. Since continuing higher didn't work, a breakout of the support is quite possible. In that case, one should only conclude that the downtrend will continue after prices have settled below that level. The target could be the support at 60.50. At the same time, we understand a simple fact. Any support can instantly reverse prices back to the upside, and that's why caution in our line of work is never superfluous, caution above all. Wishing everyone well.