The video discusses the Litecoin chart, analyzing the micro-structure to determine potential price movements. The primary idea is that Litecoin's price has bottomed out in a larger degree B-wave in August. Initially, there was a three-wave move up from the low, followed by a three-wave move down, which suggests potential for higher prices. A five-wave move down would be bearish. The current context allows for higher prices, meaning that this low could have been a more meaningful low, which could act as a B-wave. A larger degree overall will lead to a C-wave.