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DASH/USD and LTC/USD Technical Analysis October 19th, 2017

Avatar newsbtc 2 years ago

DASH/USD

DASH fell significantly during the day on Wednesday, reaching down towards the $282.50 level. We did bounce slightly towards the end of the day but we are already starting to continue the downward pressure. Because of this, DASH looks likely to continue the downward move, perhaps reaching to the $280 level next, where we could see bits of support there as well. Rallies of this point should be thought of as selling opportunities, at least until we break above the $300 handle.

 

LTC/USD

Litecoin fell slightly during the day, reaching towards the $55 level. This is a very gentle downtrend though, and I believe it’s only a matter of time before the buyers return. I’m waiting to see stability or at least an impulsive candle to start buying, and I suspect that somewhere between the $55 and the $50 levels we should find it.

 

Thanks for watching, be back tomorrow

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