Hello and welcome to News BTC’s Market Outlook October 9.
DASH rallied slightly during the day on Friday, as we continue to grind towards the $320 level. I am bullish of this market, but I also recognize that it is a very slow-moving market most of the time. If you are an investor, then that is fine, if you are looking to make a quick profit, this is probably not the market for you although I’d be the first to say that buying is the only thing I’m interested in doing.
Litecoin rallied on Friday as well, as we are now clear of the $52 level. The market is testing the $53 level, an area that has been resistance in the past. Because of this, I believe it’s only a matter of time before we break out to the upside and continue to go towards the $55 level. I like buying pullbacks, and I recognize now that the $50 level should be thought of as the “floor” in the market.
Thinks for watching, I’ll be back tomorrow.