Litecoin Bounces Back!!

Litecoin dumped with the rest of the crypto market over the weekend, however it did not make new relative lows, which is encouraging. We tested lows just above our level at $39.05, finding support at $41 or so. We have since rallied significantly, testing our level at $55.84, which was quite a rally. We are seeing good support from $52.04 after a brief pullback at those relative highs. LTC appears to be gaining strength and if we breakout, we could test the $60's again. If not, $45.48 should provide good support with $39.05 a floor price for now.