FX.co ★ #Litecoin chart analysis

#Litecoin H4 So. We've tested the support at 66.82 and so far price hasn't broken it and, on the contrary, is moving slightly north. But the thing is that above we have resistance from the moving average and it can push prices down again and accordingly lead to a breakdown of this support. Continuation of the downward movement would occur if prices hold below the level. In that case the support level 60.50 can be viewed as the target. And a move from the current levels above the moving average would open up bullish possibilities, and as an option it's worth looking toward the resistance74.80. All the best.