With that support broken, we are approaching another key support of about 140. I have another buy zone (B) at about 140-143. We already reached 144 a little bit ago, but currently this downtrend does not look its stopping any time soon.
If we do break 140, then the next support is in the 136-138 range, from when that was touched a few weeks in mid-January. If that is broken....
I still have current resistance at 175-180, though we need this train to turn around before we can even think about seeing those numbers.
I will update this if our support is broken, or if the train decides to turn around.
GDAX has seen LTC into the mid 120's. This huge sudden dip I believe is from fear of many. A lot of people are selling looking into buying in cheaper.
We currently don't have any main support from a TA wise, but I will be keeping a sharp look on the movement of LTC as the next few hours go by and will keep this idea updated.