FX.co ★ #Litecoin chart analysis

#Litecoin H4 Continuing to the upside hasn't worked out so far, and prices, after breaking the moving support, are somewhat heading down toward the support at 66.82. Given that continuing upward failed, prices could well try to break the support. In that case, conclusions about a continued move to the downside should only be made once prices have closed below that level. The target can be considered the support at 60.50. At the same time we understand a simple fact. Any support can instantly reverse prices to the upside, and that is why caution in our business is never superfluous — caution above all. Best wishes to everyone.