DASH/USD and LTC/USD Technical Analysis November 7 2017

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DASH/USD

DASH continues to go sideways overall, as we are in a relatively well-defined consolidation phase. Ultimately, looks as if the $250 level is going to continue to be massively supportive, while the $300 level will be significantly resistant. Ultimately, this is a “buy on the dip” type of market, but you should build a larger position, and show quite a bit of patience as it will be needed.

LTC/USD

Litecoin continues to go sideways, with a slightly bearish attitude, at least until we can break above the previous uptrend line which we are approaching. As I look at this chart, it looks as if it is going to fail, so I look at a move above the $58 level as crucial. If we can break above there, then the market becomes a “buy-and-hold” scenario. Alternately, we could see this market roll over and reach towards the $50 level which of course has a significant amount of psychological importance.

Thanks for watching, be back tomorrow.