Hello and welcome to News BTC’s Market Outlook Aug 2.
DASH/USD
DASH continues to be volatile, as we bounced during the session on Tuesday, but continue to find quite a bit of resistance above. Quite frankly, this market is probably a bit too volatile to be trading currently, but I would suspect that the $170 level should continue to offer support. With that in mind, I have a relatively neutral outlook for this market right now.
LTC/USD
LiteCoin tried to rally as well, but found resistance near the $45 level. It also looks a lot like the DASH market, simply one that is treading water. At this point, I find myself on the sidelines of this market place, waiting for some type of impulsive candle to enter until me which direction to be involved with.
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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