I am however mildly nervous because my gut feeling tells me that recent news (Bitcoin ETF, mtgox press release re: wire transfers) are comparably positive, and we've reached a price level that, say, 4 weeks ago would have had people salivating. In other words, I don't trust this downtrend.
The ETF may or may not happen. They filed the paperwork. It will be months before we know. It could help add exposure to BTC though and that is great. In and of itself it is not much.
The MtGox release is NOT good news. They are essentially saying "We almost got our problem resolved. Things will still be slow for a while until we catch up." It is not good news to just function as expected.
Good news will be in a few weeks when they have the new trade engine. But LTC is being released around then (perhaps) so we'll see the effect.
Not to be a downer but just calling it like it is.
Gox did not give any date when the trading engine would come online or that it will include LTC. I'm waiting for dates before I buy back to LTC. It is possible that there's no LTC support in the first release of the new trading engine. I'm not sure is this the best choice thou.