FX.co ★ #Litecoin chart analysis

#Litecoin H4 Continuing higher didn't work out so far and prices, having breached the moving support, are slightly headed down toward the support at the level 66.82. Given that continuing upward didn't succeed, they may well go for a break of the support. In that case, conclusions about the continuation of the downtrend should only be made based on the fact of prices consolidating below the level. The target can be considered the support at 60.50. At the same time we understand the simple fact. Any support can instantly reverse prices to the upside and that is precisely why caution in our business is never superfluous, caution above all. Wishing everyone well.