FX.co ★ #Litecoin chart analysis

#Litecoin H4 Continuing upward hasn't worked so far and after breaking the moving support prices are slightly headed down toward the support at the level 66.82. Given that it wasn't possible to continue upward, prices could well go for a break of the support. In that case, conclusions about a continuation of the downward direction should be drawn only after prices have consolidated below that level. The target could be considered the support at the level 60.50. At the same time, we understand one 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.