DASH/USD and LTC/USD Technical Analysis October 11 2017

newsbtc

1 year ago

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 11.

DASH/USD

DASH continues to be very choppy, bouncing around the $285 region. At this point, I don’t see the reason to jump into the market right away and would be very patient as far as putting new money to work. In fact, I believe that staying on the sidelines and waiting for a break above the $300 level might be the prudent thing to do.

LTC/USD

Litecoin continues to find support near the $49.50 level, extending down to the $48 level. I think at this market can sustain a move above the $51 level, we should go looking towards the $55 level at that point. That being said, I don’t know it’s going to happen right away. I think we have some consolidation to do first, to build up a little bit of trust in the resumption of higher pricing.

Thanks for watching, I’ll be back tomorrow.

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.