Hello and welcome to News BTC’s Market Outlook October 10.
DASH had a bit of noise involved in the trading session on Monday, as we continue to see the $300 level on for both support and resistance. I think if we can break above there, the market should continue to go to the upside, perhaps reaching towards the $315 level. Ultimately, I believe that the $288 level underneath continues to be support, and in general this market will probably be very choppy.
Litecoin fell during the day on Monday, as we continue to see negativity. However, the $50 level underneath will continue to be the “floor” in this market, and as a result I believe it’s only a matter of time before the buyers get involved. Ultimately, I think that the market will go looking towards the $55 level again. The markets continue to be volatile, but I think longer-term traders are going to continue to find value.
Thanks for watching, I’ll be back tomorrow.