Litecoin Holding the Mid $50's

Litecoin blasted through our level at $55.84, and came just shy of $58 before retracing to support. We are seeing green triangles on the KRI at $55.84 serving as confirmation of this support and are likely to hold this level as Litecoin equilibrates with the rest of the markets. The next target is ambitious at $61.75. If support fails, then we could retrace back to $51.92 with $50.64 a likely floor.