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Cryptocurrency Price Forecast: What You Need to Know This Week

Crypto Coin Updates
Cryptocurrency Price Forecast: What You Need to Know This Week

Cryptocurrency Rally Holds Strong
Rallies are important, but holding a rally is even more important.

Thankfully, that’s what cryptocurrencies have done over the last two weeks. Our favorites either stuck close to their previous levels or they exploded to the upside.

Siacoin (SC), for example, rose more than 24% in a single trading session, leading to a cumulative gain of 108% since we first recommended it last month.

Not bad, right? There aren’t too many investments that can boast of triple-digit gains in one month.

Speaking of triple-digit winners, Ethereum (ETH) rose above 100% for the first time in six weeks. It almost erased its gains in early April, but the.

The post Cryptocurrency Price Forecast: What You Need to Know This Week appeared first on Profit Confidential.

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DASH and Litecoin Analysis December 13, 2017

DASH/USD

DASH rallied again during the day, reaching towards the $840 level. At this point, a continuation of that move seems very likely, and therefore we are bullish of DASH. Pullbacks should be supported, with the $720 level offering a bit of a floor. The target is $1000 going forward.

 

LTC/USD

Litecoin has gone parabolic, meaning that we are testing the $300 level as I record this. Buying at this point is reckless and the second dumbest thing I can think of doing in this market. The first of course would be shorting this type of move, because even though a pullback is necessary, stepping in front of a runaway freight train is a great way to blow your account. Look for pullbacks to take advantage of, but we have clearly gone far too parabolic to get involved now.

[youtube https://www.youtube.com/watch?v=4Zv5MNuQodU?feature=oembed&w=660&h=371]

Thank you for watching, I’ll see you tomorrow.

The post DASH and Litecoin Analysis December 13, 2017 appeared first on NEWSBTC.

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