DASH and Litecoin Analysis December 5, 2017

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Last Updated: June 11, 2024 1:22 pm

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DASH/USD

DASH continues to go sideways in general, hovering just above the $740 level. I think there is a significant amount of support that extends down to the $700 level, and the stochastic oscillator is starting to look like it is going to cross in the oversold region soon. Because of this, a bounce in this market should be a nice buying opportunity to reach towards the $775 level again.

LTC/USD

Litecoin continues to go sideways against the US dollar, hovering just above the $100 level. The market extend support down to the $96 level however, so I think that buying dips continues to be the way going forward, as we are coming to grips with the idea of $100 now becoming a reasonable valuation. Longer-term, we should continue the uptrend.

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