Saad Ullah
⬤ Litecoin has entered a critical long-term support region. LTC is currently trading near the $45 to $47 area, which lines up with the 0.786 Fibonacci retracement level. The price sits inside a broader $45 to $55 zone marked as a key confluence area.
⬤ The chart shows Litecoin declining toward this horizontal support and reacting near it. The alignment between the Fibonacci retracement and historical support makes this region technically significant, placing the current price at the lower boundary of the accumulation band.
⬤ Accumulation appears to be occurring within this region, with market attention focused on this price area as Litecoin trades around the retracement level. How the market reacts at this support will determine the next move, as the $45 to $55 range remains the primary level to watch.
Saad Ullah
