Is LTCBTC Aiming for 1111 before any upthrust?

The fib level 0.618 (0.001111) is an attractive target considering LTCBTC had significant reaction to the 0.5 fib level. This is the only explanation I can come up with as to why Litecoin wants to go this low with its strong fundamentals.

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So are we wicking down to 0.001111 or is that unnecessary. And that's the million $ question