Litecoin Tests $60

Litecoin shot up after smashing through our resistance level at $55.84. We had been oscillating between this level and the low $50's for since the end of August, and just recently were able to break the upper bound definitively. We are just below $60 at the time of this writing and if momentum continues, the next target is $61.75. We should run into some resistance at $60, as it is a psychological level, where lows were established mid-August.