NEWSBTC: DASH and Litecoin flounder on Wednesday
DASH/USD
The DASH market did very little during the trading session on Wednesday, as we continue to hover around the $600 level. Currently, it looks as if we are trying to roll a bit, and a breakdown below the $575 level has the DASH market looking for the $500 level next. Alternately, if we break above the $650 level, at that point the market will more than likely go looking towards the $800 level above.
LTC/USD
Litecoin markets were also limp during the session, initially tried to rally during the day but have rolled over towards the $200 level. There is a certain amount of support down to roughly $190, so I would not be surprised at all to see this market simply grind sideways. The $250 level above has been been massively resistive as of late, and I think a clearance of that level would be an extraordinarily strong signal. Otherwise, I believe that the market will probably reach towards $160 level underneath.
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