Litecoin has not completed its correction. Its broken through support at 38 and if it breaks 34 and 30 it may drop as low as 20. I would wait to enter long positions until a support level has been established and the MACD confirms trend reversal
@Ronin4nana, 1day charts still show bearish MACD, and support has been broken at numerous points including the 200MA break indicating a continuing downward trend. RSI is usually a good indicator of bullish reversal however the market has been oversold/saturated for the past week now as this is a corrective phase. However I could be wrong as the market is very volatile and if I am I have several buy stops in place to ensure I take profits on the bullish reversal we are sure to see within the next month. So no, I will not be late to the party, I'm maximizing my profits and I advise you to do the same.