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DASH/USD and LTC/USD Technical Analysis November 2 2017

Avatar newsbtc 2 years ago

DASH/USD

DASH continues to be very noisy, as we bounce around in a massive consolidation area. The $260 level underneath is support, while the $300 level above is resistance. Because of that, employing some type of range bound system might be the best way to deal with the attitude of markets. The Stochastic Oscillator is starting to crossover at the 20 level, just as we are approaching significant support. It’s likely that the market will bounce from here, perhaps reaching back towards the $300 level again.

LTC/USD

Litecoin continues to bounce around, and Wilt. The $52 level underneath begins a massive floor in the market, and I think we are trying to build up enough momentum to hang about and eventually break out above the $60 handle. However, right now I think you can take your time to build up a larger position, assuming that we stay above $50. A breakdown below that level could be rather bearish.

Thanks for watching, I’ll be back tomorrow.

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