DASH/USD and LTC/USD Technical Analysis October 24 2017

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DASH/USD

DASH continues to look very choppy, and I believe that it is only a matter of time before the negative pressure continues to push this market towards the psychologically important $250 level. I do expect buying in that area, but right now crypto currencies are struggling a bit. The 20 SMA on the hourly chart has turned decidedly lower a couple of days ago, and we continue to see weakness overall. Any rally at this point in time would be a bit suspicious, unless we can break above the $280 level.

LTC/USD

Litecoin fell significantly, reaching down to a fresh, new low, and I believe is now heading towards the $50 level. I would expect a certain amount of support there, so I think in general what we are going to see is a bit of softness in the crypto currency space for the next several hours, but eventually value hunters should return.

Thanks for watching, I’ll be back tomorrow.