MD Sending a second LOI (unique situation)

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Hey all, I applied to a school which I interviewed at in November which used to be my number one choice. As such in December I sent them a letter of intent. However, at the beginning of this month they sent an email to people who ranked to match and unfortunately I did not make the cut

In this situation is it ok to pivot and send a LOI to my second program at this point in the cycle?