It has been an exciting few days in crypto-land. Litecoin has gained 70 percent this week alone and Namecoin is nearing the 50 cents mark. Peercoin is also rallying and is up 10 cents or 31 percent this week.
Litecoin Doubles Since Start of Rally
Litecoin has doubled since the start of its rally back on May 22nd. As can be seen on the chart below, the initial surge led us to $1.93. From here LTC/USD fell back to retest the breakout point at $1.60, only to get quickly repelled. In the next two weeks Litecoin slowly climbed back to the $2 dollar mark. But it was only after prices decisively broke above the $2.05 high that the massive rally higher went underway.
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