FX.co ★ #Litecoin chart analysis

#Litecoin H4 Continuing the uptrend hasn't worked out so far, and prices, having breached the moving support, are slightly heading down toward the support at 66.82. Given that the attempt to continue upward failed, they could well go on to break the support. In that case, conclusions about a continuation of the downtrend should only be drawn after prices have confirmed a close below the level. The target could be considered the support at 60.50. At the same time we understand one simple thing. Any support can instantly reverse prices back upward, and that's precisely why caution in our trading is never excessive, caution above all. All the best to everyone.