This is based off trend analysis, price action, gann, and price history. If the 34-36 hold we go up fast, just like last time. We have already tested for support twice around the 33-36 range; if that range holds on this retracement support at those levels will be confirmed; and we can finally move up. Now... there is lots of FUD surrounding BTC that might effect LTC; and... that is exactly what that is... it is FUD. The solution to Bitcoins scaling problem is Litecoin. I suggest not paying attention to the FUD.
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Might not go as low as 36s maybe 37s look likely atm. It'll do another 8%-10% retracement from the lower 40's before it can go up. That places it around the 36.70 - 37 range. We shall see how all the BCC nonsense will effect the chart.
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Once the 4hr chart bearish MACD crossover occurs. The dip will begin.
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Follow LTCCNY along with LTCUSD.
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We have begun the descend.
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38s was our dip. It seems less likely for it to go below it. I got some more at 38.50 riding the 10% waves up. Day chart should be ready to move up soon. BB's tightening up, SAR setting up to flip, and both MACD and Stoch RSI are setting up. :D Rally soon IMO.