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DASH/USD and LTC/USD Technical Analysis November 23 2017

newsbtc
newsbtc
1 year ago
1 min read
dashusd

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Hello and welcome to News BTC’s Market Outlook November.

DASH/USD

dashusd

DASH continues to power ahead, touching $575 during the trading session on Wednesday. I suspect that we will probably get a pullback though, and at this point you need to see that happen to get enough value out of a trade. The stochastic oscillator is crossing in the overbought level, and the next major area of order flow is very likely to be $500. A pull back to that area would be very enticing.

LTC/USD

ltcusd

Litecoin has been a bit stagnant over the last 24 to 48 hours, as we struggle with the $72 level above. I think that we will continue to find support a $68 however, so this offers opportunities to pick up Litecoin and cheaper levels going forward. It’s not until we break down below $60 that I become concerned with the uptrend, and I recognize that most of the crypto currency space right now is accumulating, not powering forward.

Thanks for watching, I’ll be back tomorrow.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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