LTC very close to major support

COINBASE:LTCUSD   Litecoin / U.S. Dollar
LTC has held its ground well in today's war zone...it is now very close to support and will need to hold this to stop the rot. If it does we will be looking at a nice bounce of this level. I have notice negative press coming out as well which will test this support...
Trade active: We could be heading for around 150 for LTC looking at the daily chart support. My trending line is slightly off, on the chart above and hits slightly lower than shown.
Trade active: We are building support at the trend line which could help us back up to the 170/90 resistance level.
Trade active: LTC is getting more effected by BTC's latest decent and like BTC could bounce off its double bottom at 135. A lot will depend on market reaction at this point and how fast BTC is going to it's major support at 7900
145ish today i believe. It looks like we'll have a few bounces between the 155 support/165 resistance, but the candles for the 4H have been widening quite a bit in this range, so i believe we're heading down to the next, which is roughly 145. afterwards, that brings us to 135, and then 100 B)
danielgwatkin NickPadovani
@NickPadovani, Yes you are quite right, it will be a fairly slow ride looking at the resistance LTC has been putting towards this decline by BTC...
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