Analysis Technical

DASH and Litecoin Analysis January 5, 2018

newsbtc | January 4, 2018 | 1:41 pm
dashusd
Analysis

DASH and Litecoin Analysis January 5, 2018

newsbtc | January 4, 2018 | 1:41 pm

DASH/USD

DASH continues to be a bit volatile, but we are underneath the downtrend line that makes the top of the downtrend in channel. If we can break above the $1200 level, the market could continue to go higher, perhaps reaching towards the $1400 level. If we break down below the $1000 level, then I think we go down to the $850 level.

 

LTC/USD

Litecoin fell a bit during the trading session on Thursday, but I think there is plenty support below at the $200 level to keep this market afloat. We may drift down towards that area, but right now I think the volume simply isn’t there, meaning that we are going to go back and forth.

Thanks for watching, I’ll be back tomorrow.

   

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