As seen on the chart, LTC has found strong support at a support trend line which connects the 2018 and 2020 lows.
My expectation is that anywhere around or below this trend line will prove to be a great phase for accumulation in the long-term.
In case LTC will move back up towards the top resistance (think $400), it offers a very decent opportunity for long-term holders.
In blue you see a copy of the previous bull-market pump. This is obviously not a prediction of the real market movement, but serves as an illustration.
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.