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LTC : Calm before the storm
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.
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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