Litecoin Hits Our Target!

Litecoin caught a strong burst of momentum, which broke through our level at $61.75. This was a strong upper bound for Litecoin for a while, and was providing significant resistance. We saw enough momentum to hit the next target of $64.37. We are seeing a slight retracement after hitting this level, with strong support at $61.75. If things turn south there is a vacuum zone back to $55.84. After that, we could test the base of the $50 handle again.