DASH and Litecoin Analysis December 15, 2017

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DASH/USD

DASH continues to be very volatile, as we have recently broken above the vital $800 level. As we pull back, I believe we are trying to form a bit of an uptrend in channel, eventually building up enough momentum to break above the vital $1000 level. Look for $800 to offer support.

LTC/USD

Litecoin has pulled back rather significantly, and quite frankly it has been overdone. However, on the hourly chart it looks as if we are starting to cross over in the oversold area, so we may see a bit of buying relatively soon. I believe that the $250 level is very interesting for a value proposition.

Thanks for watching, I’ll see you tomorrow.