DASH/USD
DASH fell significantly during the session on Friday as we had found far too much in the way of resistance near the $82 level. By falling as fast as we did, we took out all of the gains from the previous session. However, there is a significant amount of support at the $72 level, so it’s likely that we will turn around and bounce from here. Nonetheless, you have to be able to handle an extreme amount of volatility to take this position.
LTC/USD
LiteCoin fell initially during the Friday session but found the $15 level to be supportive. By doing so, we turned around to form a hammer and it looks as if the market is ready to try and reach towards the $17 level again. If we can break above there, with any type of significance, the market is free to go much higher. I have no interest in selling this market, and believe the dips continue to represent value.
