DASH/USD and LTC/USD Technical Analysis November 15 2017




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Hello and welcome to News BTC’s Market Outlook November.

DASH/USD

DASH continues to go sideways, just above the $400 level. There is a lot of support just below, but I think the market may drift slightly lower to pick up momentum. That would be expected, because we have recently broken out over significant resistance. I suspect the $375 level is an area that will attract a lot of attention, as $350 will most certainly do as well.

LTC/USD

Litecoin continues to grind sideways near the $61 level, trying to break above the $62 level. I think at this point, the $58 level underneath his support, so if we can stay above there, this should continue to be a “buy on the dips” opportunity to build up a larger position. A breakdown below $58 probably sends this market down to the $52 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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