Litecoin confirms bullish move. Target $55.

This chart's pretty easy. After falling through our $50 support and then through an even stronger 46ish support we went all the way down to the bottom of our Bollinger Band. Bounced there. Made it back over our 50 MA and then used that as a resting place for about a week. This then helped lift us through an intersecting middle Bollinger Band and $46 resistance. We've managed to close above this level. This is an extremely bullish signal. Buy here if you haven't yet. We're set for the trip to $55, though I am not sure of the time frame to get there.

Happy trading all!