Hello and welcome to News BTC’s Market Outlook Aug 31.
DASH/USD
DASH continues to go sideways in general, essentially making itself “dead money.” With this being the case, the market looks likely to use the $350 level as support as we continue to grind sideways but with a very slight upward tendency. With this, accumulation may be the best way to describe what we are going through right now.
LTC/USD
Litecoin is fairly quiet as well, using the $61 level as short-term support. Ultimately, this market should continue the uptrend that we have seen recently, as the impulsivity typically is followed by a sideways move, and then a grind to the upside. Ultimately, this is a market that should continue to see buyers on pullbacks, as the market should continue to go much higher.
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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