FX.co ★ #Litecoin chart analysis

#Litecoin H4 So. We tested the support at the level 66.82 and so far prices have not broken it and are instead moving slightly to the upside. But the thing is that above we have resistance from the moving average and it can push prices down again and consequently they will go to break that support. A continuation of the southward move in that case will occur if prices consolidate below the level. In this situation one can look at the support level 60.50 as the target of the move. And a move from the current levels above the moving average would be an upside possibility, and as an option it's worth looking toward resistance74.80. All the best.