1- In Monthly & Weekly views, uptrend structures have NOT yet formed yet.
2- In Daily view, uptrend structure exsists.
3- Contra Fibonacci does not confirm the Daily C point; hence, this is a 50% probability trade.
4- Pay attention to the BTC trend, if BTC continues to rise, LTC may hit the target. See my BTC analysis, BTC forms is...
Technically speaking, in monthy, contra fibonacci does not confirm the monthly C therefore in terms of monthly perspective this is 50% trade. Also keep an eye in BTC because in BTC's monthly fibo analysis monthly C is confirmed meanint with 80% BTC will test higher levels ( see my BTCUSD monthly chart) so ETH is likely to follow BTC.