Even though Litecoin has bounced up about 5% since yesterday, I am not convinced that this is LTC’s bull run. There has to be a retracement soon and that’s the bet I am going to make. I would be completely surprised if we break $65 and if we do, I am still expecting to short at $68. If your philosophy is that we have bottomed out at LTC then it would still be wise not to enter here and just long at $55 because that would be a re-test of the 38.2% Fibonacci line as well as a historic EMA. It is also entirely possible that we revisit $48 so I would recommend scalping $55 if not taking profit at least on every significant move up.