SUMMARY
Litecoin (LTC) is putting in a corrective 5,3,5 zigzag correction. The 0.618 Fibonacci zone was where the red C wave ended. The current minor decline price moves are very overlapping and so most likely corrective rather than impulsive.
Litecoin is shaping out a wedge and likely it means a lower low to a near revisit of prior C level. This would equate to a 0.93 retrace which is sqare root of0.88 Fibonacci.
The wedge is nearing the 0.618 Fibonacci which means this level needs to hold as support. IF a lower low is to be had, then Litecoin could potentially lead Bitcoin in that direction.
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