DASH/USD and LTC/USD Technical Analysis December 1 2017

newsbtc

Last Updated: June 11, 2024 1:22 pm

1 min read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

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.

Hello and welcome to News BTC’s Market Outlook December.

DASH/USD

DASH continue to be volatile during the trading session on Thursday, as we are selling off rapidly. The market has lost $150 as I write this, part of it being a reaction to the bloodbath in the Bitcoin market. Crypto currencies everywhere are getting sold off rather drastically, but dash does have a significant amount of support at the $640 level. If we were to break down below the $600 level, dash could see horrific losses, so it is imperative that we hold that area. Only the foolish jump in right now and start buying.

LTC/USD

Litecoin has fallen $20, looking to reach towards the $80 handle. That’s an area that should be psychologically important, and must hold in order for this market to continue to go higher. The selloff that we have seen the crypto currencies I believe is a sign that some of the mania is starting to abate. As far as Litecoin is concerned, I suspect that we will go looking towards $70.

Thanks for watching, I’ll be back tomorrow.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.