Hello and welcome to News BTC’s Market Outlook November.
DASH continues to rocket to the upside, as we have fulfilled the move by Headley now several days ago. By breaking the top of the descending triangle, we have now reached the top of that triangle, and even broke above it. The $500 level of course is offering a significant amount of psychological resistance, so I prefer to buy short-term dips that show signs of support, especially near the $480 handle.
Litecoin fell rather significantly overnight, but found enough support at $68 to turn around and rally towards the $72 handle. Because of this, the market looks likely to go much higher, and a break above the $73 level should send Litecoin towards the $75 level next. $68 looks massively supportive.
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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