Litecoin confirms bullish move. Target $55.

This chart's pretty easy. After falling through our $50 support and then through an even stronger $46ish support we went all the way down to the bottom of our Bollinger Band. Bounced there. Made it back over our 50 MA and then used that as a resting place for about a week. This then helped lift us through an intersecting middle Bollinger Band and $46 resistance. We've managed to close above this level. This is an extremely bullish signal. Buy here if you haven't yet. We're set for the trip to $55, though I am not sure of the time frame to get there.

Happy trading all!