If it stays above the pink line, the potential downwards movement to 0.618 will not come into play...i think :)
BTCUSD is almost making a small H&S which could lead to a downwards movement. Since LTC has been following BTC lately, if this happens, it could mean LTC falls under 240 again. Just an observation, let's see how this plays out.
BTC and LTC at critical point, up or (way) downwards from here.