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RE: LiteCoin Back Tests $34 Breakout Level
Definitely, as soon as more markets start supporting litecoin, its market cap and hence price will increase. This shouldn't be a problem with Charlie back at the helm, I remember he said:
"All I have to do is speak to 3 people and the major exchanges in china will be dealing in litecoin"
So its only a matter of time before the price of #litecoin skyrockets.
Considering #litecoin has now gained >20% since its second retrace and bounce off the $34 breakout level, it's safe to say that buying interest remains strong.
If Charlie Lee is able to further establish exchange liquidity through Asian market integration, then the $50 overhead resistance level should be easily breached.