Will Litecoin finally breakout above $50?

#Litecoin has been coiling in the $40s since it finally broke out and closed above the $34 level on 6/17/17.

As you can see from the chart above, the $34 level had been a formidable resistance area since early May 2017. After breaking out above it, litecoin traded as high as $49.99 on 6/19/17.

At current price levels, the market valuation of litecoin is just under $2.5B. In comparison, #bitcoin's market cap is about $45B and #ethereum is valued at about $32B. See for yourself here: https://coinmarketcap.com/

So with #cryptocurrency and #blockchain bulls holding recent market gains across various offerings, the question must be asked: will litecoin finally breakout above $50? If so, what's the next target and how high do you expect its market valuation to reach?

Share your thoughts in the comments!