Have seen some similar ideas for Litecoin here, but this is my take on how it might play out if price gets back down to that support zone .
A few people on twitter saying LTC has broken out. I would disagree (for now). On the 1 Hour chart, price has not held above 285 (which is the current previous resistance). There's also a completed Gartley Pattern if you wanted to counter-trend trade it. Price needs to break AND HOLD above 285 before this will get any legs. I'm still out of it.