LTC reveals second opportunity with 18% upside

• Litecoin price steadies at the 78.6% Fibonacci retracement level after nine consecutive down days.
• On July 21, LTC records the best day since the May 31 gain of 10%.
• The digital asset is positioned below the 50-week simple moving average (SMA), forecasting a challenging long-term recovery.

Litecoin price recorded nine consecutive down days and an oversold reading on the daily Relative Strength Index (RSI) before the 9.8% gain on July 21. The rebound from the 78.6%…