Technical

DASH and Litecoin Analysis January 18, 2018

newsbtc | January 17, 2018 | 1:47 pm
dashusd
Technical

DASH and Litecoin Analysis January 18, 2018

newsbtc | January 17, 2018 | 1:47 pm

Dash/USD

Dash traders sold off again during the Wednesday trading hours, breaking down below the $700 level. In fact, the volume break below the $800 level was significant enough to make me think that when we rally, sellers will be coming back to short the market again. I anticipate that the dash market has further to go to the downside, with at least $600 being targeted.

 

LTC/USD

Litecoin simply cannot get out of its own way. We are well below the $200 level now, and likely heading to at least the $150 level, if not the $100 level. The volume has been picking up to the downside, as retail traders are getting out of the market place. I suspect that we have several more days of negativity, before offering some type of value that longer-term traders can take advantage of.

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 top online casinos
in UK 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.