The dash markets did very little during the day on Friday, as we continue to go back and forth, and it looks likely that we are trying to build enough momentum to go back towards the top of the consolidation range, the $1200 level. If we break down below the $900 level, we should continue to go much lower. However, I think that we are much more likely to simply bounce and continue the overall sideways trading action.
Litecoin markets did very little during the trading session on Monday as well, as we are celebrating Martin Luther King Day in America, so that of course has an influence on the lack of volume. I do think that we are much more likely to go higher, perhaps reaching towards the $270 level above. However, it’s probably going to be rather slow.
Thanks for watching, I’ll be back tomorrow.