Litecoin Barely Holds the $50's

Litecoin is forming a very narrow range, as dedicated readers will remember. For the new readers, recall that we have strong levels at $50.64 and $51.92, between which LTC is ranging right now. If we are able to break out, then $55.84 is the next target but this will require significant momentum so don't get your hopes up. In reality it is likely we will continue the range with $50.64 a floor price for now.