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Hello and welcome to News BTC’s Market Outlook November.
DASH went sideways during most of the session on Monday, hanging about the $600 level. Obviously, that will offer a certain amount of psychological support, and the market could continue to find buyers on short-term dips. Ultimately though, the $550 level underneath is even more supportive, so I believe the dips will be buying opportunities, and that the market will eventually be of a break above $650 which is a signal that we are going higher.
Litecoin rallied a bit during the day, pulled back a couple of times, but kept finding buyers. The hammers that formed on the 4-hour charts suggests that the market is going to go higher perhaps reaching towards the $95 level above. A breakdown below the $82.50 level would be negative, and could send the sellers back into the market.
Thank you for watching, I’ll be back tomorrow.