Ermanometry says yes for long.

By orminlange
But under 0.01$ can be hot to keep that long. It is risky game, but i'am personally in it. 0.013 is good price some chunk awaits as pending order bitfinex @ 0.0101$ (Not Bittrex, Bittrex is only for calculation for me). Of level 0.01$ will fail to defend i will not panic. It could be good opportunity to accumulate more and cheaper. For Verge i can give 1% of my whole capital , but as always divided in chunks in specified on chart levels (especially those red and blue horizontal lines.

Not trading advice!
Chart PatternsvergexvgXVGUSD

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