Hello and welcome to News BTC’s Market Outlook July 31.
DASH/USD
DASH fell a bit during the day on Friday, looking for support. We should be seen buyers reenter the market somewhere close to the $180 level, so on a bounce in that general vicinity I’d be willing to buy again. The market has seen a significant amount of volatility as of late, so obviously this is a very fluid situation. However, it looks as if buyers could be enticed somewhere just below current levels.
LTC/USD
LiteCoin fell slightly during the day on Friday, but found a bit of support near the $40 level. I suspect that there is significant support down to the $37.50 level after that, so I am patiently awaiting some type of bounce or supportive candle to form. I believe that the market does have buyers, just that we are taking a breather after the recent volatility.
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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