Possible head and shoulders for lite coin. If this is the case we will see a lower low after the right shoulder, most likely htiing off the .5 fib level acting as resistance. A plunge to <$100 per $LTC would be imminent.
Inversely,
It seems that litecoin may have instead found a bottom, and indicates some signs of trend reversal. Higher lows over the week or so may indicate a new trend being formed. If Litecoin breaks past the .5 fib l level resistance, we can assume that the head and shoulders pattern is invalid . Look for a nice gain if it does :)