LTC Found a bottom?

LTC dropped very hard with the rest of the Market. Dropped all the way down to 230s on a wick. LTC quickly recovered to 280s and then dropped hard to 230s again on a wick but finds support around 240s. I want to say the long wicks down and no closes is a good indicator that we may have found a bottom. However, if LTC can't get above $260 then we may have further consolidation or go lower down to $220 or even $200. I still believe LTC will go much higher than its previous ATH but this could be just a minor correction or pull back before LTC starts its rally again.

Not trading advice, not a advisor (just putting my thoughts from everyones input). Happy trading