FX.co ★ #Litecoin chart analysis

#Litecoin H4 Well. Prices tested the support at 66.82 and for now are not breaking it; on the contrary, they are moving slightly north. But the thing is that above we have resistance from the moving average, and it could push prices down again and accordingly lead to a break of this support. The continuation of the southward move would occur if prices consolidate below the level. In this situation you can look at the support level 60.50 as the target. And a move from the current levels above the moving average would be an upside opportunity, and as an option it's worth looking toward the resistance74.80. All the best.