DASH and Litecoin Analysis January 11, 2018

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DASH/USD

DASH drifted slightly lower during the trading session on Wednesday, trying to get support at the $1000 level. We have found it there, and we remain in a trading consolidation between 1000 on the bottom, and 1200 on the top. Ultimately, I think the market will probably bounce, so look for short-term supportive candles to take a small position for a quick scalp to the upside.

LTC/USD

Litecoin drifted a little bit lower during the trading session on Wednesday, as we are reaching towards the $230 level. Ultimately, I think there is a massive amount of support at the $200 level underneath, which is the bottom of the overall consolidation. I think we are going to continue to drift a little bit lower, so at this point I’m looking for buying opportunities closer to the $200 level.

Thanks for watching, I’ll be back tomorrow.