Hello and welcome to News BTC’s Market Outlook Aug 23.
DASH/USD
DASH continues to look very choppy, as we hover below the $300 level. Because of this, I am waiting for a break above the $300 level to start buying. I believe there is a bit of a “floor” in the market near the $250 level, so a pullback to that level could have me buying as well. Currently, I have no interest in shorting this market.
LTC/USD
Litecoin had a rough day as many crypto currencies did on Tuesday, but it looks as if it is trying to recapture the $47 level. If we can break above there, the market should continue to go towards the $48.50 level, and then eventually the $50 handle after that. A breakdown below the $43 level would be very negative, but overall we have a bit of an uptrend going.
Thanks for watching, I’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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