DASH and Litecoin Analysis December 22, 2017

DASH/USD

DASH continues to look bullish, although we have had a choppy session during the day on Thursday. We are currently forming an ascending triangle, which measures for another $150 gain. Because of this, I anticipate that the next target is $1650. We clearly have a lot of bullish momentum, so selling is something that I have no interest in doing. I suspect there is a “floor” at the $1200 handle.

 

LTC/USD

Litecoin has been a bit limp over the last couple of sessions, as we currently grind away above the $300 level. I believe that this is a buy on the dips situation, but I suspect that you have plenty of time to put money into the market, as Litecoin is essentially a retail coin, meaning that most retail traders will be putting a lot of money into the marketplace during the holidays.

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