DASH and Litecoin Analysis January 19, 2018

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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.