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 very choppy, as we find the $300 level to be resistance. On the 4-hour chart, it’s clear that the last couple of weeks have seen sellers in that region, but the most recent low was a bit higher than the previous one, gaining about $10. Because of this, I believe that the momentum is shifting to the upside again, and that it’s only a matter of time before DASH breaks out. Move above the $305 level would have me going long. In the meantime, expect a lot of back and forth and if you are a longer-term type of investor, it may be an opportunity to start building a position.
LTC/USD
Litecoin continues to struggle near the $58 level. However, I think there is enough support below and a potential uptrend line could come into play relatively soon. I think that eventually we will go looking towards the $60 level, followed by $62, and then $66. If we were to break down below the $52 level, there is a massive amount of order flow near the $50 handle, putting a bit of a “floor” in the market.
Thanks for watching, I’ll be back tomorrow.
