DASH/USD and LTC/USD Technical Analysis December 1 2017
Hello and welcome to News BTC’s Market Outlook December.
DASH continue to be volatile during the trading session on Thursday, as we are selling off rapidly. The market has lost $150 as I write this, part of it being a reaction to the bloodbath in the Bitcoin market. Crypto currencies everywhere are getting sold off rather drastically, but dash does have a significant amount of support at the $640 level. If we were to break down below the $600 level, dash could see horrific losses, so it is imperative that we hold that area. Only the foolish jump in right now and start buying.
Litecoin has fallen $20, looking to reach towards the $80 handle. That’s an area that should be psychologically important, and must hold in order for this market to continue to go higher. The selloff that we have seen the crypto currencies I believe is a sign that some of the mania is starting to abate. As far as Litecoin is concerned, I suspect that we will go looking towards $70.
Thanks for watching, I’ll be back tomorrow.
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