Litecoin has spiked dramatically with over a 10% move taking us up to the $60's. We reached our profit target almost to the cent, at $61.75. A red triangle on the KRI confirmed resistance there, and we are currently experiencing a bit of a pullback, retracing just below $60 at the time of this writing. At present, the only justification for this move seems to be that Moneygram users can now make payments in Litecoin, in addition to Ethereum and Bitcoin. Others suggest it may be related to the Dogecoin pump. If momentum picks up, we must break through $61.75 before we can consider higher levels in the $60's. If we are not able to sustain the momentum, then we are likely to retrace this move, where $55.84 will provide support.
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