NewsBTC DASH and Litecoin Analysis October 5 2017

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 5.

DASH/USD

DASH rallied significantly during the trading session on Wednesday, reaching as high as $320. The market looks as if it is ready to continue going higher, and the dips will be bought. The action so far for the Wednesday trading session has been very encouraging, it looks as if a reversal is underway.

LTC/USD

Litecoin on the other hand did almost nothing. $53 acted as resistance, and we rolled right back over. I believe we are trying to build a bit of a base, but I do recognize there’s a lot of support just below so I’m not interested in selling. If anything, I would be building up a larger position over time as we await more bullish sentiment.

Thanks for watching, I’ll be back tomorrow.