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.
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.
Thanks for watching, see you again tomorrow.
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.