DASH and Litecoin Analysis January 19, 2018

newsbtc

1 year ago

1 min read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

DASH/USD

Dash traders rallied during the session on Thursday, breaking above the $800 level. However, even though this is a bullish move, we have a significant lack of volume. The question now is will we see more people coming back into this place? A break above the $900 level would be a bit more convincing, but at this point I think that it’s likely that we will see a move below $750 again.

LTC/USD

The Litecoin markets rallied slightly as well, but on even less volume. We are reaching towards the 20 SMA in the Bollinger Band indicator, so it’s likely that this market continues to roll over going forward, especially considering that there is a serious lack of volume. I think that we will test the lows again.

Thanks for watching, I’ll be back tomorrow.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.