Analysis

DASH/USD and LTC/USD Technical Analysis November 8 2017

Christopher Lewis | November 8, 2017 | 7:45 am
dashusd
Analysis

DASH/USD and LTC/USD Technical Analysis November 8 2017

Christopher Lewis | November 8, 2017 | 7:45 am

DASH/USD

DASH continues to be very choppy and volatile, but we did get an attempt at the $300 level during the trading session on Tuesday, making a clear trading signal evident. If we can break above the $300 level for more than a couple of hours, it’s very likely that we will continue to see bullish pressure jumping into the market, and push DASH towards the $320 level. Alternately, on pullbacks I am a buyer because I believe we are starting to show signs of a base.

LTC/USD

Litecoin try to break above the previous uptrend line that we now see as resistance. If we can break above the top of the piercing candle, essentially making a close above $58, at that point I believe that Litecoin continues to go much higher. However, stochastic indicators are starting to show a crossover, meaning that we may be seeing a failure in the making. If that’s the case, the market could find itself going back to the $54 level.

Thanks for watching, I’ll be back tomorrow.

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