I think it is V as the third letter of the number seventeen. The sequence is based on the third letters of numbers starting from teN, elEven, twElve, etc.
It is surprising what is hidden away in the depths of the grey matter! It is being able to recall it when you need it that is the useful bit, but I think that doing crosswords and puzzles keeps the brain active. It is my birthday in twenty minutes so I am off to bed or the birthday fairy won't come! Good night.