Hash Wars: BCH Proponents Confident a Resolution Is in Sight

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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.