In this hourly chart of Litecoin/ Bitcoin (LTC/BTC), there is an appreciating range from 0.006763 to 0.006890.
There is also a depreciating range from 0.006890 to 0.006832.
We can see the price depreciated to the 0.006840 level (identified by the blue up arrow), just below the 0.006841 level, representing the 38.2% retracement of the appreciating range.
We can see the price then appreciated to the 0.006880 level (identified by the red down arrow), just above the 0.006876 level, representing the 76.4% retracement of the depreciating range.
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