FX.co ★ #Litecoin chart analysis

#Litecoin H4 Continuation to the upside hasn't worked out so far and, after breaching the moving average support, prices are slightly headed down toward the support at the level 66.82. Given that moving higher didn't work out, they could very well go for a break of that support. In that case, conclusions about a continued move south should be made only after prices close below that 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 to the upside, and that's precisely why caution in our business is never superfluous — caution above all. All the best to everyone.