DASH/USD and LTC/USD Technical Analysis October 27 2017


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DASH/USD

DASH continues to chop around, just below the $300 level. I think we are starting to see a significant amount of support near the $280 level as well, so this point there’s not much to do in this market until we can break above the $305 level, as it would show a move above significant resistance. At that point, the market will probably grind its way to the $325 level.

LTC/USD

Litecoin rallied a bit over the course of the session, looking as if we are trying to reach towards the $60 level. If we can break above the $60 level, the market should then go to the $62 level, and then eventually the $70 level. Ultimately, this is a market that looks as if it has a bit of a floor at the $50 level, and therefore think the markets are starting to favor Litecoin yet again. It might be choppy, but certainly positive.

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

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