Channel breakout of a very long downward trend

Ok folks we have a real breakout but with verry little support we are looking to start a new channel here so we are waiting on confirmation before we get back in. Although we have recently witnessed a parity with BTC we broke that last week on a hard rise against The LTC/BTC pair go check it out. This still appears to be trending down .we have to break the 247 resistance befor we are a confirmed upward channel.
Chart PatternsTrend Analysis

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