Litecoin completed the cycle from 02/02/2018 low at 252.55 and has been correcting in a 3 waves move to 158.57 where the altcoin found support at equal leg area from 20/02/2018 high cycle. Since then, it bounced in a 3 waves moveto 195.00. From there and as long as above 158.57, litecoin shouod resume higher targetting 207.63-216.22. Break above 252.55 whould initiaite a bullish
sequence in daily and would add conviction to the bullish
Failure to hold 158.57 from current level would put concern about a 5 waves down calling for more downside in medium term, likely to challenge the 02/02/2018 low at 102.00.
Invalidation level to the upside is 102.00.