FX.co ★ #Litecoin chart analysis

#Litecoin H4 Continuing the upward move hasn't worked so far and prices, having broken through the moving average support, are slightly headed down toward the support at 66.82. Given that continuing upward didn't work out, prices could well break the support. In that case, conclusions about a continuation of the downward direction should be made only after prices have confirmed 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 why caution in our business is never redundant — caution above all. All the best to everyone.