LTC resting on critical support!

Right now it appears as if LTC is resting on major support. Looking at the history of LTC you can see the .618 level has acted as key support and resistance. Right now it's acting as support, evident from the recent bounce off of it. If LTC falls below the second trend-line I see an explosion downwards in the short-term.
LTCLTCUSDTrend Analysis

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