Here we are tracking a -27% correction on the menu for Litecoin. It is a very similar environment to that of the BTC and ETH charts (see attached). The books are looking particularly thin and smelling a flash crash towards 73. The upside is becoming very crowded, this rally can be faded in my books as a healthy correction looks overdue.
From a technical perspective we are tracking the beginning stages of a 3rd impulsive wave to the downside. The underlying nature of the selloff since 108 has looked impulsive and would suggest these levels will attract selling interest.