DASH/USD and LTC/USD Technical Analysis Aug 16, 2017

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DASH/USD

DASH continues to look very choppy with a slightly negative bias. We have found a bit of support at the $192 level, but now it looks as if crypto currencies in general are softening a bit. Because of this, I would be on the sidelines when it comes to this market as the US dollar is showing resiliency.

LTC/USD

LiteCoin fell significantly during the Tuesday session, reaching down towards the $41 level. We have bounced, but it looks as if the sellers have come right back. Because of this, I would be cautious until we broke above the $45 level as far as any longs are concerned. Alternately though, on signs of exhaustion you could be a seller as it looks like we are going to continue to see bearish pressure in general.

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Source: Newsbtc