Technical

Dash and Litecoin Analysis January 23, 2018

Christopher Lewis | January 22, 2018 | 1:40 pm
dashusd
Technical

Dash and Litecoin Analysis January 23, 2018

Christopher Lewis | January 22, 2018 | 1:40 pm

DASH/USD

DASH broke down below the $800 level during Monday trading, showing signs of weakness yet again. Crypto currencies are starting to roll over, and I think this one is going to go to at least the $700 level before finding support, and more than likely the $600 level. If you have the ability to short –, you may wish to do so.

 

LTC/USD

Litecoin rolled over a bit during the trading session on Monday, as we continue to see negativity in the crypto currency markets overall. We also have a lack of volume, and that is not a good sign either. I suspect we’re going to go looking towards the $150 level next, and it’s not until we break above the $225 level that I think the buyers will take over.

Thanks for watching, we will see you tomorrow.

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