LTC usually copies BTC 1:1 especially at this point in the market where we're looking for a recovery support level. Most likely due to news of LitePay, LTC is already rebounding with bullish tones.
Drawing a FIB wedge on LTC using major support and resistance trend lines would have LTC Consolidating to $145 on FEB 12th. Expecting a bull run that may out pace BTC.