DASH and Litecoin Analysis December 5, 2017


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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Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

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DASH and Litecoin Analysis December 5, 2017

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