Litecoin Rejects Higher Levels

Litecoin showed real promise of regaining the $60's or pressing higher. We spiked up to $66.96, achieving yet another level higher than $64.37, our previous target. However we rejected this level hard, and smashed through $64.37 back to the base of support at $60. Currently we are clinging onto $60 for dear live, with the price at the time of this writing sitting about $59.47 or so. If this does not hold then $55.84 should provide support. If not, we expect the base of the $50's to hold as a floor for now.