The pair $LTC / USDT has begun to recover - Potential rebound

The price of #Litecoin has just risen from its daily low of $63.08, and is now trading around $67.98, showing early signs of recovery after a sharp decline of over 16%. Buyers are gradually regaining momentum, forming a potential framework for a short-term reversal.

Key levels to watch:

Support area: $63.00 - $64.00 remains strong with a double bottom structure.

Immediate resistance: $68.40, if breached, could trigger a swift rise towards $70.50.

Sharp increase in trading volume: Notable increase in buying volume, indicating the entry of optimists.

Next steps:

If $LTC maintains its price above $66.00, we may see a retest of the $70.00 - $71.50 area. Any declines towards $65.00 could provide better entry opportunities for short-term traders in terms of risk-to-reward ratio.

This full reversal has not been confirmed yet, but the recent rise is a positive indicator for those looking for rapid bullish momentum. Stay cautious but be prepared.

Buy and trade here on $LTC