Hello and welcome to News BTC’s Market Outlook October 4.[embedded content]
DASH fell during the day on Tuesday, reaching towards the $295 level. There is enough support below to turn the market around eventually though, especially if the US dollar falls in value in the Forex markets. Initially, I suspect that the market will try to retake the $300 level, and then eventually towards the $320 level. Once we get above there, the market should send this pair much higher.
Litecoin has fallen slightly during the day on Tuesday, but I think there is enough support around the $52 level to keep this market afloat. I think we will eventually go towards the $56 level above, which has been resistance. Longer-term, I believe that Litecoin continues to go much higher. Ultimately, I think that the market offers a “buy on the dips” attitude with the $50 level below being a hard floor.
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.