NEWSBTC: DASH and Litecoin look flat
DASH/USD
DASH traders tried to rally during the Friday session, but found enough resistance near the $620 level roll over and form a less than thrilling candle. It looks as if the market is probably going to continue to hover right around the $600 level, and flat trading. At this point, it’s difficult to get involved in this market until traders returned to the marketplace, which clearly, they haven’t been bothered to do as of late. Volume is drifting even lower, and that’s not a good sign. I suspect that we could see a pull back towards the $500 level, as we try to build a base after a trend line break.
LTC/USD
Litecoin went sideways during the session on Friday as well, as crypto currencies overall were very quiet. As you can see, I have 2 trendlines on the chart, one an uptrend line while the other is a downtrend line. Breaking above the downtrend line with volume was a very bullish sign, but now we are facing an uptrend line that needs to hold. If it does not, the market more than likely goes looking towards the $160 level below for support.
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