Litecoin Lackluster After FOMC

Litecoin rejected its attempt to regain the mid $50's with a strong selling spike back to support at $51.92 and $50.64. We don't expect too much momentum today, as the markets are likely to feel out the results of the FOMC yesterday. But if we gain momentum $55.84 is the next target and $50.64 should hold as a lower bound.