LTCUSD is looking for Wave 1 (see chart) for support. In my opinion these are flashing BUY levels...
I a placing
LTCUSD as a BUY!When
LTCUSD breaks the downtrend line (Blue) we may not see these levels again in the future...The weak hands are gone, Mt. Gox turmoil is almost over, and regulation is becoming clearer.
Put a stop just under Wave 1 just in case...
Cheers,
-AB
Trade closed: target reached
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Disclaimer
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.