DASH and Litecoin Analysis January 10, 2018

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DASH/USD

DASH continues to go sideways in general, with the $1000 level being a “floor”, while the $1200 level offers massive resistance. Because of this, drilling down to short-term charts for back and forth trading is probably the best way to go. Longer-term, it’ll be interesting to see if we can break above the vital $1300 level, which would lead to a massive leg higher.

LTC/USD

Litecoin continues to do nothing as well, hanging about the $250 level. I think there is going to be a continued consolidation effort between the $200 level on the bottom and the $300 level on the top. The meantime, back and forth trading could be done in this market as well, but quite frankly it’s not volatile enough to warrant risking any trading capital. I suspect staying on the sidelines will probably be the best way to handle Litecoin in the short term.

Thanks for watching, I’ll be back tomorrow.