DASH/USD and LTC/USD Technical Analysis October 6 2017

newsbtc

Last Updated: June 11, 2024 1:22 pm

1 min read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Hello and welcome to News BTC’s Market Outlook October 6.

DASH/USD

DASH continues to see bullish pressure on dips, as the $296 level has offered enough support to turn things around. Ultimately, I believe that the market should break towards the $320 level above, where I see the next significant amount of resistance. I think that pullbacks are value plays, and I also believe that markets will continue to look at them as such. After all, crypto currencies overall have seen quite a bit of buying during the day.

LTC/USD

Litecoin also fell, but found enough support at the psychologically important $50 level to turn around and reach towards the $52 handle. A break above there is a very bullish sign, sending this market looking towards the $53 level, and then possibly even higher than that. I like this market, and I like the $50 level as a bit of a “floor.”

Thanks for watching, I’ll see you Monday.

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.