Dash/USD
Dash traders sold off again during the Wednesday trading hours, breaking down below the $700 level. In fact, the volume break below the $800 level was significant enough to make me think that when we rally, sellers will be coming back to short the market again. I anticipate that the dash market has further to go to the downside, with at least $600 being targeted.
LTC/USD
Litecoin simply cannot get out of its own way. We are well below the $200 level now, and likely heading to at least the $150 level, if not the $100 level. The volume has been picking up to the downside, as retail traders are getting out of the market place. I suspect that we have several more days of negativity, before offering some type of value that longer-term traders can take advantage of.
Thanks for watching, I’ll be back tomorrow
In my opinion LTC and almost all big cryptos are following BTC atm, so if BTC stops falling LTC will recover r as well.