DASH and Litecoin Analysis December 19, 2017
DASH continue to go sideways during the trading session on Monday, as we hover above the $1000 level. At this point, I suspect that the market is trying to build up enough momentum to continue the uptrend, and that the $1000 level should offer support. Buying on the dips continues to be the way forward.
Litecoin is rising slightly, but quite frankly at this point it looks like we are spending more time trying to build up momentum to the upside than anything else. A break above the $350 level should send this market much higher, and by the measurement that I am taking, we are looking at a move to $425 level. Pullbacks of this point continue to offer value in a market that is very strong.
Thanks for watching, I’ll be back tomorrow.