FX.co ★ #Litecoin chart analysis

#Litecoin H4 Well. Support at the level 66.82 was tested, and so far it hasn't been overcome and, on the contrary, is moving slightly to the upside. But the thing is that above we have resistance from the moving average, and it may send prices down again and, accordingly, they may go on to break this support. A continuation of the downward direction in that case will occur if prices consolidate below the level. In that situation one could 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 open up upside possibilities, and as an option it's worth looking toward resistance74.80. All the best.