dashusd

DASH/USD and LTC/USD Technical Analysis October 31 2017

Avatar newsbtc 2 years ago


DASH/USD

DASH continues to be very choppy, as we find the $300 level to be resistance. On the 4-hour chart, it’s clear that the last couple of weeks have seen sellers in that region, but the most recent low was a bit higher than the previous one, gaining about $10. Because of this, I believe that the momentum is shifting to the upside again, and that it’s only a matter of time before DASH breaks out. Move above the $305 level would have me going long. In the meantime, expect a lot of back and forth and if you are a longer-term type of investor, it may be an opportunity to start building a position.

LTC/USD

Litecoin continues to struggle near the $58 level. However, I think there is enough support below and a potential uptrend line could come into play relatively soon. I think that eventually we will go looking towards the $60 level, followed by $62, and then $66. If we were to break down below the $52 level, there is a massive amount of order flow near the $50 handle, putting a bit of a “floor” in the market.

Thanks for watching, I’ll be back tomorrow.

Tags: BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Nexo

Instant Crypto Credit Lines™ from only 5.9% APR - unlock your crypto-wealth tax-efficiently, without selling it. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.

Ad
Show comments