Litecoin Holds the $60's

Litecoin has rallied, breaking through $61.75, but facing immediate resistance at $64.37. We rejected this level hard, as anticipated in these reports. Currently, we are hovering in the value area between these two levels. We anticipate significant resistance at $64.37, as we have been seeing, and the failed attempts might suggest lower prices. If $61.75 fails to hold then $55.84 is the next major level down, if the $60's don't hold.