Path of possible price trajectory is shown by the black arrow before Litecoin can sustain any bull move. A close below $107.63 should see LTCUSD probably target $57, at which point wave Y = 161.8% wave W, which is an acceptable projection for a W-X-Y structure.
Above all, I have a bias for LTCUSD and would wait to see how things shape up before going LONG. Patience is very important in trading. Better to let the market show its hand first.