DASH/USD and LTC/USD Technical Analysis November 6 2017

[embedded content]

DASH/USD

DASH has been bouncing around for some time, and I believe that the $250 level continues to offer massive support. Ultimately, I anticipate that the real resistance above at the $300 level is the target, so I like buying dips in this market, but I also recognize that you will have to be very patient to realize profits.

LTC/USD

Litecoin rallied a bit during the day, but we have a downtrend line that coincide somewhere close to the $57 handle. If we can break above there, I would be a buyer of Litecoin, but until then I believe that short-term pullbacks are going to offer small buying opportunities. Ultimately, the market breaking out should be more of a longer-term “buy-and-hold” situation. The $50 level below should be a hard “floor” in the market.

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.

Let’s block ads! (Why?)

Source: Newsbtc

loading...