Litecoin will meet the 50 day moving average in approximately 1 week at approximately 1.3 to 1.4 million Sathoshi's. This will lead to a rebound breaking and using resistance of 2.5 million satoshis as support. In the case that the 50 day does not provide support; look towards the 100 day or even the BTCUSD chart.
After hitting the 50 day moving average in approximately a week, Litecoin will find support and begin to rebound upwards. This can be shown in the LTCBTC and LTCUSD chart. Looking to 4.2 million satoshis to break and use previous resistance as support. In the unlikely case that no support is found at the 50 day, the 100 day or LTCUSD 50 day may be the next best bet.
