The price of Litecoin this afternoon fell below the lower support thus breaking the trend on both sides within the last two days. This is a little cause for concern as we don't know which direction it might choose in the coming days. While I have heard speculation stating these moves are trying to get rid of a lot of weaker players in the market, this is just speculation and shouldn't be thought of as any more than that.
The trend the last month has been a consistent decline in price after it's surge in early December. While this move could signify a continuation of this trend we will have to wait and see if it will break the prior low around $144 as the next major support line for LTC.