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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

DASH and Litecoin Analysis December 14, 2017

newsbtc
newsbtc
1 year ago
1 min read
dashusd

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DASH/USD

DASH continues to be very noisy during the trading session on Wednesday, reaching towards the $925 handle. We are a bit overbought at this point, so I would expect more short-term pullbacks, with an eventual eye on the $1000 handle above. I have no interest in shorting.

 

LTC/USD

Litecoin is forming a nice bullish flag on the hourly chart, suggesting that a move to the $450 level is possible longer term. At this point, I believe that the $280 level underneath is going to offer support, and therefore I like buying dips as a way to play this potential bullish flag but would do so in small increments.

Thanks for watching, I’ll be back tomorrow.

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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.

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