FX.co ★ #Litecoin chart analysis

#Litecoin H4 Continuing north hasn't worked out so far, and prices, having broken through the moving support, are somewhat directed down toward support at the level 66.82. Given that continuing north didn't work out, they could well attempt a breakout of the support. In such a case, conclusions about the continuation of the southward direction should be made only when prices have settled below the level. The target can be considered the support at the level 60.50. At the same time, we understand a simple fact. Any support can instantly reverse prices toward the north, and that is why caution in our business is never superfluous; caution above all. All the best.