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DASH and Litecoin Analysis January 15, 2018

newsbtc | January 15, 2018 | 12:34 pm
dashusd
Uncategorized

DASH and Litecoin Analysis January 15, 2018

newsbtc | January 15, 2018 | 12:34 pm

DASH/USD

DASH continues to drift around, bouncing from the $1000 level on Friday. The market looks a bit limp, and quite frankly I think you can take your time before jumping in with both feet. However, if you are a short-term trader, you may be able to trade back and forth. I think we will probably go looking towards the $1100 level if we get any momentum at all, as it is obvious that there is massive support at the $1000 level, extending down to the $950 level. If we do breakout to the upside, expect a lot of resistance at $1200.

LTC/USD

Litecoin has bounced a bit during the trading session on Friday, reaching towards the $250 level. I believe that we can go beyond there and find even more resistance at the $260 level. The $220 level underneath is offering support, and although I think we will see a move higher, I don’t necessarily feel that there is any compelling reason to put money to work though.

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.

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