Looking at the chart, I have overlaid levels (using $4.09 as pre-boom price, and $98.28 as ATH ). Interestingly enough, if we look at the impulse wave; we can see that waves 2 and 4 ended closed on the 0.382 and 0.236 levels nearly perfectly - letting us know that these will be key support areas to be tested in the corrective wave. Currently we are resting around the level, since this is not a level I consider this more psychological than technical. I suspect that we will have a weekly candle that closes on or around the support at $40.69, which will be followed by a decent rally. This rally will attempt to jump back onto the long-term that has been in place since the beginning of the 2017 boom. Additionally, the market will attempt to retest resistance at the level, but will likely see a pull back towards the support at $24.73 - which correlates to the 0.236 retracement level. This will complete the corrective wave, allowing LTC to lift-off to new ATHs.
Don't mistake my outlook on this chart as a reflection of my feelings towards LTC. I am very pro-LTC, but technicals are what they are. I hodl a fair stack of LTC (no where near whale status) so if this proves to be wrong, I wont be disappointed.