Litecoin Idea short term

COINBASE:LTCUSD   Litecoin / U.S. Dollar
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So Litecoin is still within downtrend channel and is very close to breaking 50 day MA as support. My opinion is Litecoin drops to next support level of around 43 before testing support at top of channel again. Once rejected at top of channel I believe it drops to low 30's where is will find Major support and the overall lifetime bottom support. From there I don't think bears will have the required strength to break through the 30 level and we start heading back up.
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