FX.co ★ #Litecoin chart analysis

#Litecoin H4 So. Prices tested support at 66.82 and so far haven't broken it; on the contrary they are drifting a bit to the north. But the thing is that above we have resistance from the moving average and it could push quotes down again and consequently lead to a breakout of that support. 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. Meanwhile, a move from the current levels above the moving average would be an upside opportunity and, as an option, it's worth looking toward resistance74.80. All the best.