There are simply too many buy signals to not jump in this trade. BTC hasnt completed the bounce back to 1000USD yet so LTC might still go down a bit more but this entry point is good enough for me.
If the rumors about LTC development with segwit is true this will be a pretty easy trade. Aiming for a 40% profit at TP1 and then re-evaluate about TP2.
@Amarel, Not sure what you expect with trading. If it goes below 0.00375 and activates the stop loss the trade will be closed at a loss. It hasnt done that yet so trade still active, BTC had a pump so of course a dip is expected. But can still shoot up as soon as more mining support for segwit starts popping up. Never trade what you cannot afford to loose.