In my previous post, a couple of others suggested me to correct my zone coverage areas as they were not including the entire width of the trend line so thank you for the feedback I really appreciate it. After the correction, now it can be seen that LiteCoin just entered the "Buy Zone"
Note
Although any price below $56.5 is a good short term entry point, a solid entry would be $54 range. According to the long term support line which hole 5 out of 6 times it was tested the price of litecoin will not drop below $51 (83% convidence) even if the market turns full on bearish
Note
Update: I believe market is turning around, personal opinion is to at least buy some now ($56.2) for short-term trading bullish trend start switch is showing some signals
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.