DASH/USD and LTC/USD Technical Analysis October 16 2017

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Hello and welcome to News BTC’s Market Outlook October 16.

DASH/USD

DASH rally during the day on Friday, reaching towards the $316 level. We found a bit of resistance there though, and then pulled back towards the $300 level. I think there’s plenty of support there, extending down to the $280 level below. Because of this, I think in the fact that the Bitcoin markets have rallied so significantly, DASH should continue to see plenty of bullish pressure, and reach towards the $325 level over the next couple of sessions.

LTC/USD

Litecoin fell initially during the day on Friday, reaching down to the $55 level. The market found plenty of buying pressure in that general vicinity, and it looks likely that we are going to continue to reach much higher as we bounced towards the $60 handle. A break above there should send this market towards the $65 level next. We are in an obvious uptrend, and I’m not willing to fight it. Pullbacks continue to offer buying opportunities.

Thanks for watching, I’ll be back tomorrow.