DrCheema
Short

LTC : Calm before the storm

COINBASE:LTCUSD   Litecoin / U.S. Dollar
Volume has been slowly fading. Bollinger bands have been constricting on the higher time frames (12 hr - daily charts ). Most like scenario would be for LTC price to take a dip down to lower support levels.
Support range would be in 40 - 48 Dollar range. But i think that it would drop somewhere close to 35 dollars range before bouncing back into the 40 Dollar range. I think with this drop LTC would end up on oversold levels on the weekly RSI and that may be the possible reset before upward movement again.
Just my two Satoshi's.
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