FX.co ★ #Litecoin chart analysis

#Litecoin H4 Continuing to the north hasn't worked out so far, and prices, having breached the moving support, are slightly heading down toward the support at 66.82. Given the failure to continue north, prices could well attempt a breakout of the support. In that case, conclusions about the continuation of the southward trend should be made only upon prices consolidating below the level. The target could 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 is exactly why caution in our business is never superfluous, caution above all. Wishing everyone well.