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Litecoin has broken nicely above the neckline resistance near 53.00. Besides, more importantly, resistance at 55.00 has been broken too which calls for a rally towards the S/H/S target at 77.38 and possibly even closer to the extension target seen at 92.76.
The next hurdle is seen at 60.38, but we don't think it will be a major hurdle as Litecoin makes its way higher towards the S/H/S target at 77.38.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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