Litecoin (LTC) is at a pivotal moment, testing the lower boundary of the daily Ichimoku cloud, which could signal a significant upward momentum if Bitcoin continues its rise to $73,000. The Ichimoku cloud provides crucial support around $85.70, and staying above this cloud is vital to maintain the upward trend. A break below the formation could increase selling pressure and potentially reverse recent gains.The 38.2% Fibonacci level at $85.09 serves as the first line of defense for LTC, and a break below this support could indicate a weakening upward trend and lead to further downward pressure. Additionally, the 50% Fibonacci level at $83.74 is a critical support area, and holding above this level is vital to maintain the bullish outlook. A drop below this point could indicate a potential trend reversal.

The 61.8% Fibonacci level at $82.40, often referred to as the golden ratio, holds significant importance in technical analysis. If LTC fails to hold above the $82.40 level, it could invalidate the current upward momentum and shift market sentiment. On the other hand, breaking the Ichimoku cloud could push LTC towards the critical resistance level of $93, where significant selling pressure may be seen.Technical indicators like the Spent Output Profit Ratio (SOPR) and adjusted Spent Output Profit Ratio (aSOPR) for Litecoin are above 1, indicating that more LTC transactions are occurring at a profit, reflecting positive market sentiment and fundamental strength, potentially signaling a strong upward trend.

In conclusion, LTC is at a critical juncture, testing the Ichimoku cloud's lower boundary. A successful entry into the cloud could push LTC towards $93 resistance, while a break below the formation could increase selling pressure and potentially reverse recent gains. Key support levels include $85.09, $83.74, and $82.40, and holding above these levels is crucial to maintain the upward trend.