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.
