DASH and Litecoin Analysis December 14, 2017

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DASH/USD

DASH continues to be very noisy during the trading session on Wednesday, reaching towards the $925 handle. We are a bit overbought at this point, so I would expect more short-term pullbacks, with an eventual eye on the $1000 handle above. I have no interest in shorting.

LTC/USD

Litecoin is forming a nice bullish flag on the hourly chart, suggesting that a move to the $450 level is possible longer term. At this point, I believe that the $280 level underneath is going to offer support, and therefore I like buying dips as a way to play this potential bullish flag but would do so in small increments.

Thanks for watching, I’ll be back tomorrow.