Litecoin Recovers the $50's

Litecoin tumbled through our support levels at the base of the $50 handle, testing $49, before a swift buy-back clawed back the $50 handle. We broke through our level at $50.64 and are currently testing $51.92. It appears as though we may recover the range it has been holding for the past month, between $51.92 and $55.84. We will need more momentum to come through before we can teset the upper bound again, where we expect resistance to hold. Otherwise, $50.64 should hold as a lower bound.