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FieryTrading
Oct 16, 2022 4:08 PM

🔥 LTC On Long-Term Support: Accumulation Phase 

Litecoin / TetherUSBinance

Description

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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. Be aware that we might drop further from here, hence dollar-cost-averaging will likely prove to be the best long-term strategy.

In blue you see a copy of the previous bull-market pump for illustrational purposes.
Comments
junjunms
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SPOT ON!
SwallowPremium
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Been waiting for it for quite some time already.
Lingrid
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Great analysis
UnknownUnicorn15614419
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Strong analysis. Thanks. Keep up the good job)
P_S_trade
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Nice fractal, thanks for sharing
YMGroup
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bro great work, I'm think that you are right for litecoin
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