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

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DASH/USD

DASH has been bouncing around for some time, and I believe that the $250 level continues to offer massive support. Ultimately, I anticipate that the real resistance above at the $300 level is the target, so I like buying dips in this market, but I also recognize that you will have to be very patient to realize profits.

LTC/USD

Litecoin rallied a bit during the day, but we have a downtrend line that coincide somewhere close to the $57 handle. If we can break above there, I would be a buyer of Litecoin, but until then I believe that short-term pullbacks are going to offer small buying opportunities. Ultimately, the market breaking out should be more of a longer-term “buy-and-hold” situation. The $50 level below should be a hard “floor” in the market.