LTC hanging by a thread on the daily

LTC has been breaking support after support and if it breaks this support it will drop to $50 eventually. A bounce will target the resistance line of the channel.

Oscillators are bottomed out so there is a good chance it will bounce. Things look much better on the 4hrs (see idea below). So I am biased for a bounce, but not strongly.

The possible price actions, both bearish and bullish are further confirmed on the weekly.