Litecoin $LTCUSD just ended a run up from around $100 at the beginning of the month to $420 in 2 weeks. In the past couple of sessions however, this fever finally cooled off, and price is back to about $300 as the 12/13 US session winds down.LTCUSD 1H Chart(click to enlarge)Correction:- First of all, we should note that the dip is choppier and slower than the rally, so we should consider it a correction. - In other words, we should anticipate further upside after the current consolidation/correction period ends. Support:-We saw support at 300, then when price dipped lower, we saw buying at 275, which was a previous resistance pivot.- If the current correction extends, the next key support is probably around 235. - I don't think LTCUSD will dip below 200 now, which is funny to say because price was below 200 just a week ago.- Still, I think we are establishing new price memory as more traders and investors flow into the crypto space for the first time. Downside:- Although 200 might be a stretch at the moment, we should note that a dip below 300 could be a trigger for another bearish swing. - I would look at the 235-250 area for support, especially if the RSI in the 1H chart shows a bullish divergence.