The analysis focuses on Litecoin (LTCUSD) using a 4-hour timeframe. The analyst identifies a potential '1-2, 1-2' setup, but expresses reservations about its reliability, suggesting an alternative 'ABC' correction pattern. Two support areas are defined: a larger one for a larger Wave 2 and a smaller 'micro' support area for a smaller Wave 2. The analyst emphasizes that Bitcoin's movements will likely influence Litecoin's trajectory. Key support levels to watch include $85.72 to $99.19. For calculating targets, the analyst uses Fibonacci extensions from the 'A' wave to the 'B' wave's high. Relevant fib extension targets are $89.85, $85.75 and $81.27. The C wave should typically end below the A wave low. The analyst suggests that if Bitcoin forms a top sooner, Litecoin's pullback might be shallow, while a deeper Bitcoin decline could lead Litecoin towards the lower support area.