FX.co ★ #Litecoin chart analysis

#Litecoin H4 Well. They tested the support at 66.82 and so far have not overcome it and are instead moving slightly to the upside. But the thing is that above we have resistance from the moving average and it can push prices down again, potentially causing a breakdown of this support. A continuation of the bearish direction in that case will occur if prices consolidate below the level. In this situation you can look at the support level 60.50 as the target for the move. And a move from the current levels above the moving average is a bullish opportunity, and as an option it's worth looking toward resistance74.80. All the best.