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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

DASH and Litecoin Analysis December 12, 2017

newsbtc
newsbtc
1 year ago
1 min read
dashusd

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DASH/USD

DASH continues to be very choppy, forming a bit of a “W pattern” over the weekend. Because of this, I believe that we are eventually going to break out to the upside but a move above the $800 level is necessary for momentum to build and send it much higher. In the meantime, short-term pullbacks might be opportunities to build a position, with the $600 level offering a “floor.”

 

LTC/USD

Litecoin took off on Monday, breaking above the $180 level, and looks likely to reach towards $200 next. However, we are getting a bit overextended, and the volume isn’t necessarily that impressive. Because of this, I would wait for pullbacks to take advantage of bullish pressure, and would be very interested in buying Litecoin near the $160 handle. I believe $200 will cause a certain amount of resistance.

Thanks for watching, I’ll be back tomorrow.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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