Litecoin Hugs the Low $50's

Litecoin has found support at the base of the $50 handle at our level at $50.64. However we are running into immediate resistance from the next level above at $51.92. This is a very narrow range for Litecoin, which had been oscillating between these lower levels and $55.84. If we are able to break out from $51.92 then $55.84 is the next target, and based on the markets right now, we don't expect that any time soon.