FX.co ★ #Litecoin chart analysis

#Litecoin H4 It hasn't been possible to continue the upward move so far and prices, having broken the moving support, are slightly headed down toward the support at the level 66.82. Given that the upward move failed, prices could well attempt a break of the support. In that case, conclusions about a continuation of the downward direction should be drawn 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 is precisely why caution in our business is never excessive, caution above all. All the best to everyone.