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DASH and Litecoin Analysis January 8, 2018

Avatar newsbtc 2 years ago

DASH/USD

DASH continues to grind back and forth with an overall upward proclivity. However, there seems to be a significant amount of resistance between the $1200 level and the $1300 level, keeping the market a bit subdued. If we can break above $1300 level, the market should continue to go much higher. However, I think this is going to take a certain amount of work so look at pullbacks as momentum building exercises that you can take advantage of, prepping yourself for the bigger moved to the upside.

 

LTC/USD

Litecoin continues to do very little, as we hover around the $250 level. For the longer-term, it is probably bullish but right now I don’t see much in the way of price action or volume to convince me to start putting money to work. If you are already involved in Litecoin, patience will be needed to realize profits.

Thanks for watching, see you tomorrow.

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