Correction is much needed at this stage while Litecoin is moving ahead in upward direction. There are so many indicators who are predicting there will be little pull back and this could make this rally more healthy than before but chances are pretty low to pick more at low price.
The correction will be minor, due to the announced halving in August
cause, almost every day new machines are plugged in and mining LTC, and the hashrate is growing quickly, so, the ecosystem will remain alive only with a nice price grow, right after the halving, but not with a big correction before it