DASH/USD and LTC/USD Technical Analysis October 11 2017

Hello and welcome to News BTC’s Market Outlook October 11.[embedded content]

DASH/USD

DASH continues to be very choppy, bouncing around the $285 region. At this point, I don’t see the reason to jump into the market right away and would be very patient as far as putting new money to work. In fact, I believe that staying on the sidelines and waiting for a break above the $300 level might be the prudent thing to do.

LTC/USD

Litecoin continues to find support near the $49.50 level, extending down to the $48 level. I think at this market can sustain a move above the $51 level, we should go looking towards the $55 level at that point. That being said, I don’t know it’s going to happen right away. I think we have some consolidation to do first, to build up a little bit of trust in the resumption of higher pricing.

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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