Litecoin is bearish as well as other cryptocurrencies and can be ending a five-wave drop within wave (C) of a higher degree. Equality measurement of waves I=V are targeting 40-30 area, so be aware of a bounce once price hits new lows below 50 region. However, LTC is bearish, while it’s below 100 region and only a sharp bounce would indicate a bullish reversal.

LTC/USD, Daily