DASH/USD and LTC/USD Technical Analysis November 8 2017

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DASH/USD

DASH continues to be very choppy and volatile, but we did get an attempt at the $300 level during the trading session on Tuesday, making a clear trading signal evident. If we can break above the $300 level for more than a couple of hours, it’s very likely that we will continue to see bullish pressure jumping into the market, and push DASH towards the $320 level. Alternately, on pullbacks I am a buyer because I believe we are starting to show signs of a base.

LTC/USD

Litecoin try to break above the previous uptrend line that we now see as resistance. If we can break above the top of the piercing candle, essentially making a close above $58, at that point I believe that Litecoin continues to go much higher. However, stochastic indicators are starting to show a crossover, meaning that we may be seeing a failure in the making. If that’s the case, the market could find itself going back to the $54 level.

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

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