DASH and Litecoin Analysis December 29, 2017

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DASH/USD

DASH continues to be volatile against the US dollar, as we have slammed into the $1000 handle. Currently, we are in very thin markets, as we are between 2 major holidays. Because of this, I think we are more apt to continue the overall consolidation. That means we could very easily bounce towards the $1200 level. However, if we were to break down below the $900 level that would be cause for concern.

LTC/USD

Litecoin had a slightly negative session on Thursday, but we have enough support just below to keep me somewhat optimistic. I think we could drift towards the $275 level without much effort, as the $225 level underneath offer significant support. With low-volume, I would not expect much of the next couple of sessions, but certainly it looks as if we could settle into a nice tight range between $200 on the very bottom, and $300 and the very top.

Thanks for watching, I’ll be back next time.