5 km north of Alchi and 52 km from Leh, the Likir monastery was established in the 11th century by a sect known as Klu-Kkhjil (water spirits). Later, in the 15th century it was rededicated to another monastic order (the yellow sect). The gompa that stands today is not the original one as it was destructed in the fire. The present gompa was reconstructed in the 18th century and houses huge clay images of Lord Buddha. Apart from it, other belongings of the monastery include several old manuscripts, a rich collection of Thankas, old religious and domestic costumes. A yearly festival by the name of Likir festival is celebrated here from the 17th to 19th of the twelfth month of the Buddhist calander.