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DASH and Litecoin Analysis January 3, 2018

Avatar Aayush Jindal 2 years ago

DASH/USD

DASH rallied a bit during the trading session on Tuesday, and as we continue to consolidate. The $900 level underneath being the “floor”, while the $1200 level above is the “ceiling.” The market does have a slight tilt to the downside though, so it will probably be difficult to break out above the $1200 level. However, if we do we could see this market goes high as $1500 relatively rapidly.

 

LTC/USD

Litecoin has broken above a descending trend line, showing signs of bullish pressure again. At this point, I suspect that it’s likely to reach the $300 level, and that the $225 level should offer a bit of support. Now that holiday trading is over, the fact that we broke out shows just how confident the buyers have become again.

Thanks for watching, I’ll be back tomorrow.

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