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DASH/USD and LTC/USD Technical Analysis November 29 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 go sideways, offering the $600 level as significant support. By doing so, it looks as if it’s only a matter of time before the buyers take advantage of the base that we have been building, and go higher. A break above the $650 level signifies that we are ready to continue the longer-term uptrend, and I believe that move is coming relatively soon.

LTC/USD

ltcusd

Litecoin continues to rally, although in somewhat of a choppy manner. I believe that given enough time, we will reach towards $100, and currently I see the $82.50 level as the “floor.” Buying on the dips continues to be the best way to play this market, and adding slowly mitigates some of the potential troubles with going long in this type of environment. We are overextended, so the occasional pullback is not only necessary, but healthy.

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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