A recursion for the joint moments of the external branch lengths for coalescents with multiple collisions ($\Lambda$-coalescents) is provided. This recursion is used to derive asymptotic results as the sample size $n$ tends to infinity for the joint moments of the external branch lengths and for the moments of the total external branch length of the Bolthausen-Sznitman coalescent. These asymptotic results are based on a differential equation approach, which is as well useful to obtain exact solutions for the joint moments of the external branch lengths for the Bolthausen-Sznitman coalescent. The results for example show that the lengths of two randomly chosen external branches are positively correlated for the Bolthausen--Sznitman coalescent, whereas they are negatively correlated for the Kingman coalescent provided that $n\ge 4$.