Litecoin' completed it's move up, but eventually got stopped inside this big channel. With a few attempts to break that bearish pattern, it failed and started to drop again to the low of this channel. On the right we can see a bear flag or triangle. With the triangle having the the purple circle as a target and the bear flag having the yellow circle as a target. Usually the bear flag has the upper hand here, because triangle normally get formed after a second or third wave up/down, not at the first one. But a lot will probably depend on Bitcoin' of what it will do the coming days. For Litecoin', i think it's important that it stays above the support line of this channel and does not go towards the green zone again. Because it will become less likely this time that the support will hold.
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LTC may not drop through the green zone, because that would invalidate the inverse H&S. The red zone will be a tough one to break