Technical

DASH and Litecoin Analysis January 11, 2018

Christopher Lewis | January 10, 2018 | 2:08 pm
ltcusd
Technical

DASH and Litecoin Analysis January 11, 2018

Christopher Lewis | January 10, 2018 | 2:08 pm

DASH/USD

DASH drifted slightly lower during the trading session on Wednesday, trying to get support at the $1000 level. We have found it there, and we remain in a trading consolidation between 1000 on the bottom, and 1200 on the top. Ultimately, I think the market will probably bounce, so look for short-term supportive candles to take a small position for a quick scalp to the upside.

 

LTC/USD

Litecoin drifted a little bit lower during the trading session on Wednesday, as we are reaching towards the $230 level. Ultimately, I think there is a massive amount of support at the $200 level underneath, which is the bottom of the overall consolidation. I think we are going to continue to drift a little bit lower, so at this point I’m looking for buying opportunities closer to the $200 level.

Thanks for watching, I’ll be back tomorrow.

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

Casinos

Choose from the best UK casinos
and enjoy the fun!

Read More  ›

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.