DASH and Litecoin Analysis January 18, 2018

Avatar newsbtc 2 years ago


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.



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

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

Instant loans by local bank transfer using your crypto as collateral without selling it. Earn up to 8% interest per year on your Stablecoins & EUR.


Kucoin is the most trusted crypto exchange with 200 tokens.

Show comments