DASH/USD and LTC/USD Technical Analysis October 19th, 2017

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DASH/USD

DASH fell significantly during the day on Wednesday, reaching down towards the $282.50 level. We did bounce slightly towards the end of the day but we are already starting to continue the downward pressure. Because of this, DASH looks likely to continue the downward move, perhaps reaching to the $280 level next, where we could see bits of support there as well. Rallies of this point should be thought of as selling opportunities, at least until we break above the $300 handle.

LTC/USD

Litecoin fell slightly during the day, reaching towards the $55 level. This is a very gentle downtrend though, and I believe it’s only a matter of time before the buyers return. I’m waiting to see stability or at least an impulsive candle to start buying, and I suspect that somewhere between the $55 and the $50 levels we should find it.

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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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