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DASH/USD and LTC/USD Technical Analysis October 17 2017

newsbtc
newsbtc
1 year ago
1 min read
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Hello and welcome to News BTC’s Market Outlook October 17.

DASH/USD

DASH continues to be very choppy, but we did have a slightly positive session on Monday. It looks as if the $315 level is causing a bit of resistance though, and we may have some choppiness to get through in order to go much higher. Once we do, I suspect that the next target is going to be $322.50, which has previously offered resistance. I still believe in buying dips, and I think that there is a certain amount of support at the $300 handle.

LTC/USD

Litecoin continues the sideways grind that we have seen over the last several sessions, with the $62 level offering a bit of support. The $66 level above offers resistance, and if we can break above there I think the market then goes looking towards the $70 handle. In general though, I think the market is trying to catch his breath after the most recent rally, and therefore I think we go sideways more than anything else.

Thanks for watching, I’ll be back tomorrow.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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