Buy at 0.00003300 or wait for bullish sign if you don't want to take the risk.
If we can break trough the resistance at around 9500 Euro and find support there, we might be bullish again and reach our next target at around 12800 Euros. I think for as long as we don't break trough the purple trendline we're still in an uptrend. We'll see how this one turns out I guess.
Please ignore previous analysis. Updated my analysis taking in consideration the LitePay event to be announced on February 26th. We might see LTC reaching 250 Euros (Green arrow) if we break trough the resistance. Another possibility is that LTC goes down to 125 Euros if it breaks the dashed line (Red arrow). Either way at this moment the MACD seems to be...
Litecoin seems to be going down to 125 Euros. So short for now and wait for bullish signs.
If Bitcoin can break trough the resistance at 8950 Euros we might see our final target which is 9600 Euros. If we find support above our target we might go higher. To be safe I would take a close look at the purple trendline if it breaks trough I would close my position as we might be going down again for a while.
What do you guys think? Will Bitcoin go down even further, or get support at the 200 day to go up to 9600 Euros after? I must say I think after we reach 9600 Euros and fail to break trough the resistance we can go as low as around 2400 Euros. I guess history repeats itself if it fails to break trough.