[Red Matrix]

These are the letters I can make out, in order of appearance in 8 seconds.

T U R V C I L ? U V I O R U L S R I V P C L T S U I V O U I T S R U V O R U I T S U I V R C L T S U I O C I L

? = i didn't make it out. I don't know where the pattern starts.. this may be incomplete, or more than 1 sequence.