Stop the panic Litecoin longs!

14 Eyl 2017

It's days like today I find that I am having to remind people what to overall long term trend looks like.

Litecoin is still bullish as it remains in my GREEN BULL CHANNEL. This BULL CHANNEL is nothing to sneeze at. It has remained intact since early March and has never been broken to the downside. Until it does, I will remain a bull.

Although I was stopped out of my previous trade, I will continue to re-position myself back into the market until the bottom of my GREEN CHANNEL is broken ...if that ever happens. It did not today. The CHANNEL BOTTOM held firm. And I'm still a bull.

Stay rational my trading partners. The trend is still your friend.

15 Eyl 2017

Not

Confirmation achieved. New candle opened below the BULL channel. Litecoin officially in bear territory for the first time since April. You should have captured your profits from the last few months and now be in mostly cash until the bulls come back.