Price Analysis for Litecoin, Bitcoin Cash and Dash
The cryptocurrencies have had an excellent year, gaining more popularity, followers and investors interested in the development of this market.
Currently, Bitcoin continues to be the dominant cryptocurrency and the most valued market, despite recent declines in its price. However, the roller coaster that has been the Bitcoin this year, is the most important reason for the popularity of the crypto market.
In this sense, this popularity has made users interested in alternative cryptocurrencies, such as Litecoin (LTC).
However, by itself, Litecoin has stood out for being a much faster and cheaper alternative to Bitcoin. On the other hand, we have Bitcoin Cash (BCH), which was born as a hard fork to decongest the Bitcoin network. Currently it is one of the most valued cryptocurrency in the market.
Litecoin today
While writing this article, Litecoin (LTC) has a market value of $ 239.71. According to the latest analysis, cryptocurrency showed a strong resistance at the level of $ 272.
In this same line, the Litecoin has collapsed to its support line of $ 240 dollars. The bulls will try to maintain the support in a range of $ 220 and $ 175,199 dollars. But, one can not say with certainty if this range could be maintained.
Bitcoin Cash today
At the time of writing, Bitcoin Cash (BCH) has a market value of $2,434. In accordance with the latest analysis, the cryptocurrency has a strong support at the level of 2300 dollars.
If the bulls manage to maintain this support, it is expected that the cryptocurrency will remain stable in a range of $ 2,300 and $ 3,200. However, no clear trend can be observed. So there is no way to recommend making any transaction with this cryptocurrency.
DASH - Dash has been really constant in the past few weeks and it has great potential. The objectives and also the support zones are given in the table.
In general, Dash is a strong currency, which has great potential to move up. I would say that this can be an oportunity in the short and / or medium term.
These are some important points.
“1 - Make sure to wait for confirmation before setting up a trade.
2- Use stop loss to minimize possible risks and losses. Stop loss can be given at 900-1000 range based on your capital management.
3 - Don’t be greedy. Collect profits partially at the given targets. ”
Note that with the current situation of BTC 2.29% (correction), anything can happen to Altcoins. Always keep this in mind.
At the time of writing this analysis, Dash is positioned in the market with a price of $ 1,103.07 which represents an increase (of 2.32%), which is encouraging for those who invest in this cryptocurrency that has a market capitalization of $ 9,039,393,839 USD.
Dash is a cryptocurrency that has presented a significant increase in the market from $ 9.83 in January 2017 to $ 95 in March of the same year, then having a significant increase to reach the $ 1,161.
This is not financial advice. Negotiate at your own risk and always do your own research before establishing a new operation.
