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Litecoin shows bullish price action on the daily chart, in terms of finding support at the 61.8% fib retracement level, after breaking out of of it's corrective downtrend, yesterday, and then retracing to current prices.
MACD shows lessening sell pressure, despite lower prices. Moving averages supporting trend reversal.
RSI approaching oversold levels, signalling changing momentum.
We should see a final test of support before Litecoin moves to complete it's third wave impulse, either today or tomorrow.
Litecoin is a buy from .01100-.01155. Downside risk should be limited to .010, in case Litecoin decides to continue its retracement further. 50% profit target is located at resistance level .016, with possible further targets .0168, .0185, and .021. The trade should play out over the next 48 hours.