After a short coorective bounce last week ETH was unable to change the downtrend followed but his big brother BTC. Weekly chart suggests the downtrend conitues to new lower lows and lower highs up to 100 area.
I set my short limit orders on Bitseven platform
Following by the older brother BTC, LTC is going the same downward direction towards possible support areas of 40, 35 and 25. No signs of any possible recovery seen so far.
Any upside rebounds I use only to open new shorts on Bitseven leverage trading platform. Do not risk more than you can afford to lose.
According to my anaylisis BTC is possibly going for upside correction to 7500-7900 area, then the downtrend will continue to the next support area 6500-6000. The continuation of the downtrend will be possible from the current area as well if it doesn't break 7400 resistance...
I've set limit orders in both directions on bitseven platform