FX.co ★ #Litecoin chart analysis

#Litecoin H4 An attempt to continue north hasn't worked out so far and prices, having broken the moving support, are somewhat headed down toward the support at the level 66.82. Given that continuation to the north failed, they could well move to break the support. In that case, conclusions about the continuation of the downward direction should be made only after prices have consolidated 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 to the upside, and that's exactly why caution in our business is never excessive; caution above all. Wishing everyone well.