$LTC
This coin, in theory, has the potential to rise much higher, but it has not yet shown the necessary strength. For now, it is only reacting: a correct, clean movement, but not enough to speak of real expansion.
The area I have highlighted is the level it must decisively regain. I want to see the price stabilise above that line, not just touch it and then fall back. When the market exceeds an important level and remains above it, it means that it is not just a spike, but that there is intention behind the movement.
In the coming days, it will all be a matter of confirmation: if volume enters and the price rests on that level without falling back into the range, then a serious expansion can begin.
On the weekly chart, the LTC/BTC pair is entering compression.
The price is tightening more and more within this zone, without losing the key level, and this is exactly the type of behaviour that precedes a significant directional movement.
The dynamics are very similar to those shown by XRP a few months ago: same slow build-up, same absorption candles, same 'silence' before the expansion. When the market stops falling and begins to compress horizontally, it means that liquidity is accumulating.
If it breaks this structure upwards, the move could be big.