Hello and welcome to News BTC’s Market Outlook October 13.
DASH fell slightly during the day on Thursday, as we continue to bounce around the $295 region. I think that the $300 level above will continue to offer resistance, but if we can break above there, the market should continue to go towards the $315 level. Ultimately, crypto currencies in general have done very well, and I think that it’s only a matter of time before we go much higher.
Litecoin initially dipped lower, reaching towards the $49 level before finding buying pressure. We broke out towards the $54 level, and I think there is a significant amount of resistance at the $55 level. Ultimately, this is a market that should continue to offer buying opportunities on pullbacks, and it’s likely that we will continue to see this market attract buyers as the move has been very obvious. However, buying at the extreme highs of the day would be a very risky thing to do.
Thanks for watching, I’ll be back tomorrow.