Litecoin Holding the $50's

Litecoin has been able to hold the $50's, but is facing resistance at $51.92, as predicted yesterday. We were able to find support just above $50.64, holding the $50 handle. However, a lack of momentum prevented any follow through past $51.92. If we are able to break through this level then we will surely meet resistance at $55.84 but it is not likely that will happen any time soon. We anticipate $50.64 to hold as a lower bound, but if not the next level of support is at $45.48.