Hello and welcome to News BTC’s Market Outlook November.
DASH continues to look healthy, as we pulled back slightly during the day on Thursday, but found support at the $550 level. I believe that we are trying to build up enough momentum to finally clear the $600 level and stay above there, so we may get some choppiness in the meantime. Ultimately, I think that this remains a “buy on the dips” type of scenario.
Litecoin has rallied again during the day on Thursday, breaking out to fresh, new highs. We are above the $75 handle, so one would expect a slight pullback to go looking for more momentum building pressure. I suspect that a pullback at this point will only offer more buying opportunities as Litecoin looks ready to go much higher.
Thanks for watching, I’ll be back Monday.