Is LTC ready for a bullish reversal?

LTC price action indicates a bullish revival at $60.
A potential rally could push LTC to $70.
Litecoin experienced a death cross, signaling a downtrend.
A drop below $60 could lead to a price of $50.
On August 17th, LTC broke the $70 support zone.
The price has a negative 11% year-to-date return in 2023.
Current LTC price is around $62.14.
The price is close to a crucial action zone at $62.
Technical indicators like MACD and RSI suggest a recovery.
Despite the recovery, the overall trend remains bearish.
A potential uptrend could push LTC to $70.
A continued downtrend might breach the $60 mark, testing the $50 support level.