Hello and welcome to News BTC’s Market Outlook November.
DASH/USD
DASH continues to power ahead, touching $575 during the trading session on Wednesday. I suspect that we will probably get a pullback though, and at this point you need to see that happen to get enough value out of a trade. The stochastic oscillator is crossing in the overbought level, and the next major area of order flow is very likely to be $500. A pull back to that area would be very enticing.
LTC/USD
Litecoin has been a bit stagnant over the last 24 to 48 hours, as we struggle with the $72 level above. I think that we will continue to find support a $68 however, so this offers opportunities to pick up Litecoin and cheaper levels going forward. It’s not until we break down below $60 that I become concerned with the uptrend, and I recognize that most of the crypto currency space right now is accumulating, not powering forward.
Thanks for watching, I’ll be back tomorrow.
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.