*LTCBTC* Here is LTC Chart. - Spot Trade - CPM 0.001361
Litecoin's journey against Bitcoin has largely been marked by a persistent downward trend, yet today's observations hint at a potential shift in momentum. A noticeable rebound has materialized, precisely rebounding from the 441.4% Fibonacci support level, suggesting a possible end to the decline.
To validate the likelihood of this reversal, close attention must be paid to the daily closing prices, ensuring they maintain levels above the 0.001341 support threshold. Should this condition hold, LTCBTC could be poised for an upward surge towards the 61.8% Fibonacci resistance zone. It's noteworthy that this level coincides with a previously established supply/demand area, amplifying the significance of the potential reversal scenario.
To validate the likelihood of this reversal, close attention must be paid to the daily closing prices, ensuring they maintain levels above the 0.001341 support threshold. Should this condition hold, LTCBTC could be poised for an upward surge towards the 61.8% Fibonacci resistance zone. It's noteworthy that this level coincides with a previously established supply/demand area, amplifying the significance of the potential reversal scenario.