DASH/USD and LTC/USD Technical Analysis November 14 2017

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DASH/USD

DASH continues to be very volatile, initially tried to rally on Monday, but ended up forming a negative looking candle. I think at the end of the day, we will find ourselves reaching back towards the $350 level, where we should see some buying pressure. Being patient and waiting for a bounce or a supportive camera such as a hammer should be the best way to play this market.

LTC/USD

Litecoin rallied a bit during the day, testing the $62 level but rolled over. I believe that this market is trying to find reason to go higher, and currently it looks as if a “sell the rallies” type of attitude continues to be the case, as the market has found significant support at the $56 level. I believe that we will continue to be very choppy, but short-term traders will continue to apply pressure.

Thanks for watching, I’ll be back 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.

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Source: Newsbtc