[Long Term Trade Alert] Litecoin Is Touching Lower Trendline
Hi fellow long term traders, today I´m buying Litecoin and this is not a short term trade. I dont have a short term signal to buy. However, Im buying because Litecoin has just touched its lower trendline on the daily chart:
Comment: As you can see, Litecoin touched the lower trendline at 0.0138 BTC or 40 USD. So, if we will get a bounce from here this could be a very good opportunity to get in.
Be aware though, that Litecoin could continue to fall and break below this trendline. If it does the next support zone would be here:
Comment: There you have it, so if you want to take some risk, this could be a good time to get into Litecoin.
Happy long term trading!
Litecoin is always a good buy. :)
true that
It has been such a tease...one big up swing and just hanging out around $40 seems like forever...
The scenario im hoping for is that Litecoin will get a nice bounce up now during the Bitcoin Segwit
Litecoin is the most stable crypto since the SegWit activation, and if I do remember well the MIT is going to announce something about it on August 1.
It seems like all the stars are aligning for Litecoin.