DASH/USD and LTC/USD Technical Analysis October 23 2017

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DASH/USD

DASH initially tried to rally during the day on Friday, but turned around at the $302.50 level. We tried to rally again, but unlike other crypto currencies, we cannot hang onto the gains. With Bitcoin exploding to the upside the way it did during the session, the fact that DASH couldn’t hang onto anything, tells me that the market might be best left alone. However, if we break above the $305 level, that could change as the market would look very bullish.

LTC/USD

Litecoin slammed into the $62 level during the session on Friday, and if we can break above there I think we can continue to go much higher. At that point, the market should then go to the $65 level next, and then eventually $70. The $58 level underneath should offer quite a bit of support, so buying dips could be a possibility as well.

Thanks for watching, be back tomorrow.