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...
The Humble Watcher,
*Always for Educational Purposes, thoughts and analysis are NOT recommendations. Please consult a financial advisor before investing.*