FX.co ★ #Litecoin chart analysis

#Litecoin H4 Continuing the uptrend hasn't worked out so far, and prices, having broken below the moving support, are slightly directed down toward the support at the level 66.82. Given that the uptrend couldn't continue, prices could well go for a break of the support. In that case, conclusions about the continuation of the downtrend should be made only upon a confirmed close of prices below that level. The target could be considered the support at the level 60.50. At the same time we understand something simple. Any support can instantly reverse prices to the upside, and that's why caution in our line of work is never redundant; caution is paramount. All the best.