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!