Reason to trust

How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
DASH/USD
DASH continues to be a bit of a grinder, dropping down towards the $800 level. The volume has been picking up, but on the 4-hour chart we had formed a massive hammer. The hammer is a positive sign, but we must break above that candle to start buying, meaning we need to clear the $850 level. Quite frankly, it’s probably a better idea to let the markets stabilize for 24 hours before putting money to work.
LTC/USD
Litecoin markets have rolled over again, reaching down below the $200 level. I see a significant amount of support at the $175 level though, and therefore I think that the buyers will probably return eventually. In a bounce in this area will probably go looking towards the $250 level above. If we break down below the $175 level, the next support level is at $150.
Thanks for watching, I’ll be back tomorrow.