FX.co ★ #Litecoin chart analysis

#Litecoin H4 Continuing higher didn't work out so far and prices, having broken the moving support, are slightly heading down toward the support at the level 66.82. Given that continuing higher didn't work out, prices could very well go for a break of the support. In that case, conclusions about a continuation of the downward direction should be made only after prices have firmly established below the 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 back to the upside, and that is why caution in our business is never excessive — caution above all. Wishing everyone well.