Hello and welcome to News BTC’s Market Outlook November.
DASH continue to go sideways during the day on Friday, as the markets seem to be settling on the $550 level. I believe that ultimately we will find buyers, but we may need to pull back slightly in order to offer value. Currently, I believe that the $500 level is going to offer a bit of a “floor”, but eventually we will break above the $600 level and continue to go much higher.
Litecoin pulled back during the trading session, but found enough support to rally and reach towards the highs again. I think Litecoin continues to be a “buy on the dips” market, and that we will eventually go looking towards the $80 level. The $70 level below offers significant support, and I think will continue to be an opportunity for buyers to pick up value if we do pull back to it.
Thanks for watching, I’ll be back tomorrow.