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DASH and Litecoin Analysis December 11, 2017
DASH/USD
DASH continues to be very volatile, and at one point tested the $780 level, before dropping $100. Because of this, it is obvious to me that we still are trying to build a bit of a base, perhaps centered around the $650 level. Longer-term, I do think that the buyers continue to win the day, but be very cautious and add to your position slowly.
LTC/USD
Litecoin continues to see buyers during the Friday session, as we are reaching towards the vital $105 level. Move above there continues the longer-term uptrend, perhaps sending the market to the next psychologically important figure, $110. In the meantime, it looks as if the vital $90 level did offer enough support to keep the buyers happy. I like buying dips, and building a larger position for a longer-term run.
[youtube https://www.youtube.com/watch?v=Bow73abTF0g?feature=oembed&w=660&h=371]
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David Knott, Plasma researcher/developer for OmiseGO (OMG)
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