Litecoin is a peer-to-peer digital decentralized currency distributed worldwide and LTCUSD represents the price of Litecoin in US Dollar.
Down from 12/19/2017 peak $370.78 the pullback in Litecoin is unfolding as a zigzag correction looking to extend lower 1 more time within wave ((5)) of “c” towards $15.96- $5.77 123.6-161.8% inverse extension area of wave ((4)) before it produces a bounce for next cycle higher or for a bigger 3 wave bounce at least. Note that cycle from 12/19/2017 peak has a minimum number of swings in place already, so another low is not 100% guaranteed at this stage.
Near-term, as long as bounces fail below $94.40 peak, then LTC is expected to trade lower 1 more time within primary wave ((5)) before a turn back higher is seen. If the pivot from $94.40 peak gives up then the low can already in place at $22.54.