DASH/USD and LTC/USD Technical Analysis October 27 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.

DASH/USD

DASH continues to chop around, just below the $300 level. I think we are starting to see a significant amount of support near the $280 level as well, so this point there’s not much to do in this market until we can break above the $305 level, as it would show a move above significant resistance. At that point, the market will probably grind its way to the $325 level.

LTC/USD

Litecoin rallied a bit over the course of the session, looking as if we are trying to reach towards the $60 level. If we can break above the $60 level, the market should then go to the $62 level, and then eventually the $70 level. Ultimately, this is a market that looks as if it has a bit of a floor at the $50 level, and therefore think the markets are starting to favor Litecoin yet again. It might be choppy, but certainly positive.

Thanks for watching, I’ll be back on Monday.