FX.co ★ nelle40 | #Litecoin chart analysis

#Litecoin H4 Continuing north hasn't worked out so far and prices, having breached the moving-average support, are somewhat heading down toward the support at the level 66.82. Given that the northward continuation failed, they could well attempt a break of the support. In that case, conclusions about a continuation of the downward move should be drawn only after prices have actually consolidated below that level. The target could be considered the support at the level 60.50. At the same time we understand a simple truth. Any support can instantly reverse prices to the upside, and that is why caution in our line of work is never superfluous; caution above all. All the best.