Hello and welcome to News BTC’s Market Outlook July 28.
DASH/USD
DASH continues to be choppy, but I believe that there is a significant amount of support below, especially near the $180 level. As we consolidate, it’s likely that people were accumulating larger positions, as it gives them an opportunity to pick up DASH on the cheap. If we can break above the $210 level, I feel that the market will challenge the $220 level finally, thereby allowing it to break out.
LTC/USD
LiteCoin did almost nothing during the day on Thursday, as we continue to hang about the $42 level. The market is essentially sitting still, and therefore not in a good trading state of mine. If we can break above the $47.50 level, I feel that the market can then start to take off to the upside yet again. Support should run at least a couple of dollars below.
Thanks for watching, we’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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