DASH/USD and LTC/USD Price Analysis October 12 2017
DASH proceeds to chop about the 290 level on Wednesday, as we seem to build some kind of foundation in this region. If we can break above the $300 level, then the buyers will jump in and continue to drive much greater. In the meantime, I think dips to offer purchasing opportunities, but quite honestly I think that this market could be best traded by those trying to find longer-term investments as opposed to short-term gains.
Litecoin went sideways throughout the semester on Wednesday, as we continue to hang around the $50 level. I think that the market will gradually go higher, and that this can be a sign that the marketplace is attempting to form some sort of base. Ultimately, if we can break above the $51.50 level, the marketplace could go towards the $55 level next. The marketplace breaking below the $49.50 level would be a very negative signal, reaching down to the $48 amount underneath. Ultimately, this is a market that I believe goes higher, but we need to build up the necessary momentum to go to the upside.