NewsBTC DASH and Litecoin Analysis September 27th 2017

Hello and welcome to News BTC’s Market Outlook September 27.

DASH/USD

DASH dropped a bit during the session on Tuesday, but found support near the $340 level. This is an area that should continue to offer support, and I believe that if we stay above there, the market will probably go looking towards the $355 level above. A clearance of that level then frees this market to go looking towards the $370 level next. I have no interest in shorting this market, as there is a massive amount of support just below.

LTC/USD

Litecoin rallied after initially dipping during the day on Tuesday, but seems to be finding a bit of resistance near the $54 level. If we can clear that area, I think that the market has the ability to go towards the $58 level next. I like buying dips, so if we pull back, this should be value the traders will be taken advantage of. I believe that the $50 level is now the “floor” in the market.

Thanks for watching, I’ll see you again 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.

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