DASH and Litecoin Analysis December 8, 2017

DASH/USD

DASH continued to grind a bit lower during the trading session on Thursday, as we have reached towards the $650 level. Currently, I think it’s only a matter of time before we rally though, and a break above the $700 level would be a bullish sign. Until then, I will allow the market to simply build a bit of a base, and patiently await the buying signal as I have no interest in shorting.

 

LTC/USD

Litecoin dipped a bit during the trading session on Thursday, but seems to have a bit of a floor underneath it. A break above the $102 level would be a very bullish sign. Until then, look at dips as opportunities to build a larger position for the longer-term move. $90 should offer a significant support level.

 

Thanks for watching, I’ll see you tomorrow.

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