Litecoin Faces Resistance

Litecoin appeared to making an attempt to regain the $60's, but has fallen short around $58, just above our level at $55.84. We are seeing strong resistance confirmed by red triangles on the KRI, but if we can break through then $61.75 should be the next target. If $55.84 does not hold, then we should see support from the low $50's at $51.92 and $50.64 in particular.