Hello and welcome to News BTC’s Market Outlook November.
DASH continues to go sideways, just above the $400 level. There is a lot of support just below, but I think the market may drift slightly lower to pick up momentum. That would be expected, because we have recently broken out over significant resistance. I suspect the $375 level is an area that will attract a lot of attention, as $350 will most certainly do as well.
Litecoin continues to grind sideways near the $61 level, trying to break above the $62 level. I think at this point, the $58 level underneath his support, so if we can stay above there, this should continue to be a “buy on the dips” opportunity to build up a larger position. A breakdown below $58 probably sends this market down to the $52 level.
Thanks for watching, I’ll be back tomorrow.