NEWSBTC: DASH and Litecoin drift sideways in quiet trading
DASH/USD
The DASH traders during Monday’s trading session did very little, as volume has dried up. It looks very likely that we will continue to hover around the $600 level, waiting for some type of momentum to build up. Currently, we are sitting around the $600 handle, drifting in a $30 range. Short-term scalping may be possible on a range bound type of trade, but beyond that it doesn’t look like much is going on.
LTC/USD
Litecoin did very little as well, hanging about the $210 level on Monday. Currently, it looks as if we are drying up volume in this market as well, so it is probably best left alone until we can get some type of volatility back in the market for it to be tradable again. All things equal, it looks as if the market probably has a proclivity to go higher, but currently we are consolidating.
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