DASH and Litecoin Analysis December 18, 2017

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DASH/USD

DASH continues to be very volatile, bouncing between the $800 level on the bottom, and the $1000 level on the top. This type of volatility continues to be an issue, but I think eventually we will break out and clear the $1000 level. In the meantime, buying the dips on short-term charts continues to be the best way to play this market.

LTC/USD

Litecoin continues to be very bullish, initially testing the $250 level underneath. We bounced from there, and have now formed a bit of a hammer, and that of course is a bullish sign. I think we will eventually clear this region, but right now it’s likely to see consolidate of action around the $300 level, until traders are comfortable enough to continue to buy.

Thanks for watching, I’ll be back tomorrow.