LTC/USD is recovering with five waves, up from end of June. We see waves i, ii and iii completed so far, so latest pullback can be part of a corrective wave iv, that can look for support/bullish turn at the Fib. Ratio of 38.2 and 50.0 (55.0/52.0 level). A corrective wave iv in current scenario can unfold as a zig-zag, where leg ( a ) has five sub-waves, and wave ( c ) also. Only wave ( b ) has three sub-waves. That said, at the moment we see price starting to unfold a sub-wave ( c ) of iv.
LTC/USD, 4h
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