Dmitrylip

LTCUSD trade in the downward channel.

BITSTAMP:LTCUSD   Litecoin / U.S. Dollar
Picture of price movement objectively shows the downward trend in severe downtrend. I recommend to open positions from the channel boundaries with the goal in the form of the opposite border.
I take it this chart is now invalid :)
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Dmitrylip MarkMcdonald
@MarkMcdonald, I don't think so yet. The price is now building an impulsive level at M15 and most likely-will return to the trend line.
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MarkMcdonald Dmitrylip
@Dmitrylip, I don't see it dropping to your levels but will watch and see
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MarkMcdonald MarkMcdonald
@MarkMcdonald, $48 is possible but unlikely
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Dmitrylip MarkMcdonald
I will observe the price behavior at level 66. Then I'll make a decision. Very strong downward trend. There are no upward trends yet.
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MarkMcdonald Dmitrylip
@Dmitrylip, I agree there is no upward trend yet or is this the start of an upward trend ? will have to wait and see I guess.
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Dmitrylip MarkMcdonald
@MarkMcdonald, I suggest to wait for the formation of impulse level on the H1. If there is a second impulsive level on H1-then I can talk about a trend change. Still too early.
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nagihatoum MarkMcdonald
@MarkMcdonald, it was never a channel ))
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