Hello and welcome to News BTC’s Market Outlook October 9.
DASH/USD
DASH rallied slightly during the day on Friday, as we continue to grind towards the $320 level. I am bullish of this market, but I also recognize that it is a very slow-moving market most of the time. If you are an investor, then that is fine, if you are looking to make a quick profit, this is probably not the market for you although I’d be the first to say that buying is the only thing I’m interested in doing.
LTC/USD
Litecoin rallied on Friday as well, as we are now clear of the $52 level. The market is testing the $53 level, an area that has been resistance in the past. Because of this, I believe it’s only a matter of time before we break out to the upside and continue to go towards the $55 level. I like buying pullbacks, and I recognize now that the $50 level should be thought of as the “floor” in the market.
Thinks for watching, I’ll be back tomorrow.