Litecoin Ripping After Moneygram Adoption

Litecoin has rallied tremendously, breaking through to the $60 handle. It had been meandering around in the $50's for months. A few attempts at the $60's were quickly thwarted, however, and we will see if Litecoin can hold these higher levels. The Moneygram news seems to be what spurred this rally. Adoption is one of the most important aspects for this coin in particular, which has been struggling to remain relevant on Coinmarketcap. We are currently meeting resistance from $64.37, but $61.75 is providing support. If support gives out, then we could retrace the entire move back to $55.84. If we can keep the momentum going, then $66.94 is the next target.