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DASH/USD and LTC/USD Technical October 3 2017

Avatar newsbtc 2 years ago

Hello and welcome to News BTC’s Market Outlook October 3.

DASH/USD

DASH fell again during the session on Monday, drifting down to the $314 level. This market should have plenty of support below though, so I think that this pullback is going to be just that, a pullback. I suspect that adding to your position in small incremental probably be the best way to trade this market as it rallies again. Currently, I have no interest in selling until we break well below the $300 level.

LTC/USD

Litecoin had a slightly negative session on Monday, losing about two dollars. The market currently sits just above the $53 level, where I see support. I think that a break above the $55 level would be very bullish, and I believe it’s coming. However, buying on the dips continues to be the best strategy with Litecoin.

Thanks for watching, I’ll be back tomorrow.

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