Litecoin Pushes Back to $60

Litecoin has pivoted from support in the low $50's and has shot back up to $60. It is currently hovering around $59, after pulling back slightly from $60. We are just below our next target of $61.75. The Kovach OBV is still bearish, but has picked up slightly with the rally. It is doubtful we will continue to rally at least for now, so watch for support at $55.84 or $51.92. We have very strong support at the base of the $50 handle.