DASH/USD and LTC/USD Technical Analysis November 3 2017

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DASH/USD

DASH continues to be volatile, as we have been drifting lower overall. However, it is a very slow descent, so I think that it’s only a matter of time before the buyers get involved and push this market to the upside. The $300 level above is massive resistance, and if we can break above there, then it becomes a massive “buy-and-hold” situation. The market should then go much higher, but I recognize that the $250 level is trying to offer support. However, you need to be very cautious and patient with the market to turn around and show buyers the way forward.

LTC/USD

Litecoin fell significantly, but found support at the $50 level as I thought it could. Because of this, I think it’s time to perhaps dip your toe into the water, as we should see a significant amount of support just below, that doesn’t mean that it’s going to be an easy move to break to the upside, but I think we eventually get that. The longer-term investor should be attracted to Litecoin in this general vicinity.

Thanks for watching, I’ll be back on Monday.

Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.

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