Litecoin Rejects $60

Litecoin made a concerted attempt to established the $60's. We topped out at our level at $61.75 exactly, confirming the veracity of our levels in these reports. We promptly rejected this level and fell back to support at $55.84. If we cannot sustain this, then we have some strong support levels in the low $50's. Otherwise, expect Litecoin to establish value in the mid $50's until momentum comes through either way.