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DASH continues to look very volatile, initially falling during the session on Tuesday, but turning around as Bitcoin had quite a few issues during the day. We have reached towards the vinyl $300 level, and I think that if we can break above there, the market could continue to go much higher. A break above the $300 level should be the next leg up, reaching towards the $315 level next.
Litecoin rallied significantly as well, reaching towards the $60 level, which is where we start to see a significant amount of resistance. A break above the $62 level should send the market to the upside, becoming more of a “buy-and-hold” situation. I think it is likely that we could pull back from here, but I expect to see a lot of support near the $56 handle underneath.
Thanks for watching, I’ll be back tomorrow.