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Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
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Breaking News: Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

News BTC DASH and Litecoin Analysis December 5, 2017

newsbtc
newsbtc
1 year ago
1 min read

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DASH/USD

 

DASH continues to be choppy, hanging about the $750 region. At this point, it looks to me as if there is major support below at about $670, but we may not even get there. I do believe that a pullback is probably healthy, so I think that buying the dips makes sense. Watch the stochastic oscillator, if we get an oversold crossover, that could be further confirmation that we are ready to rally yet again.

LTC/USD

 

Litecoin has found a bit of support near the $95 level, and I think currently we are trying to figure out whether the $100 barrier is something that we can overcome easily. We are getting ready to cross over in the stochastic oscillator oversold region, or at least close to it, and therefore I think we are going to find buyers soon. The slow grind higher continues.

Thanks for watching, I’ll be back tomorrow.

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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.

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