FieryTrading

🔥 LTC On Long-Term Support: Accumulation Phase

BINANCE:LTCUSDT   Litecoin / TetherUS
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.

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