DASH and Litecoin Analysis January 1, 2018

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DASH/USD

DASH rolled over slightly during the session on Friday, but continues to find plenty of support at the $1000 level. Ultimately, I think that the $1200 level above is resistance. In the meantime, it looks like we are ready to bounce slightly, but I would not expect much in the way of significant moves. Short-term trading opportunities in a back and forth range is what I expect we will see.

LTC/USD

Litecoin rolled over slightly during the trading session on thin volume for Friday. However, I think that the $200 level is going to be targeted, but the support starts at $225 level. Because of that, I’m looking for a buying opportunity. However, if we were to break down below the $200 level, we will probably drift towards the $150 level after that.