Analysis

DASH/USD and LTC/USD Technical Analysis November 3 2017

Christopher Lewis | November 3, 2017 | 7:40 am
dashusd
Analysis

DASH/USD and LTC/USD Technical Analysis November 3 2017

Christopher Lewis | November 3, 2017 | 7:40 am

DASH/USD

DASH continues to be volatile, as we have been drifting lower overall. However, it is a very slow descent, so I think that it’s only a matter of time before the buyers get involved and push this market to the upside. The $300 level above is massive resistance, and if we can break above there, then it becomes a massive “buy-and-hold” situation. The market should then go much higher, but I recognize that the $250 level is trying to offer support. However, you need to be very cautious and patient with the market to turn around and show buyers the way forward.

LTC/USD

Litecoin fell significantly, but found support at the $50 level as I thought it could. Because of this, I think it’s time to perhaps dip your toe into the water, as we should see a significant amount of support just below, that doesn’t mean that it’s going to be an easy move to break to the upside, but I think we eventually get that. The longer-term investor should be attracted to Litecoin in this general vicinity.

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

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