DASH/USD and LTC/USD Price Analysis October 12 2017

DASH/USD and LTC/USD Price Analysis October 12 2017

DASH/USD and LTC/USD Price Analysis October 12 2017

DASH/USD

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.

LTC/USD

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.


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