Hello and welcome to News BTC’s Market Outlook October 18.
DASH/USD
DASH fell slightly during the day on Tuesday, testing the $298 level. I think there is significant support underneath that the $295 level as well, so I think that we will probably get a bit of a bounce soon. Once we do, the market should then go towards the $300 level. Ultimately, we will break above there and reach towards the $310 level as well. Given enough time, the markets should find reason enough to resume the longer-term uptrend.
LTC/USD
Litecoin markets also are slightly negative during the day, but seem to be finding support near the $60 level. The market rallying from here makes sense, and we should go to the $65 level, and then eventually reaching towards the $70 level after that. Litecoin is a market I like, and that should be plenty of buying pressure coming soon.
Thanks for watching, I’ll see you again tomorrow.