Thank you for the replies. Unfortunately, at this point, I'm not so sure it will make it... I've attached two pictures from today. I pulled it out of the tank to take a better look, and it looks kind of dead... Unless it is deciduous and losing it's leaves because it thinks it's winter??
Also, I am simply in shock that I plant I purchased at Lowe's was mislabeled
It was one of the Better Gro orchids. I bought it a few months ago (the part I wrote about leaf drop was more about experience I have had with losing leaves on Dendrobiums I've had, not this specif plant - sorry for the confusion). At the store there were many good looking leaves, but the whole thing was wrapped in a white net. When I opened it at home, the canes already looked shriveled like that.
Anyway, Better Gro sells a Latouriate Dendrobium in these packets. Sounds like you think that is what it should have been labeled as. A lot of the canes already look lighter in color, but I'm hoping he hangs in there. Pulled him out before watering time today in the hopes reducing moisture will help help him come back to life. On the other hand, also worried about changing the conditions too rapidly.
I'm still just learning about orchids, and even though this one was $7, it is still making me sad.... So far my track record is mainly killing them, but really trying!!