Hello and welcome to News BTC’s Market Outlook July 11.
DASH/USD
DASH continues to be volatile as the Monday morning trade was to start selling again. We’re below the $200 level, but I see a significant amount of support near the $180 level below. While it is choppy, and a bit negative looking, I think that there is far too much in the way of buying pressure underneath to start shorting. I believe that it’s only a matter of time before we turn around and start going higher.
LTC/USD
LiteCoin also had a negative session on Monday, testing the $45 level. This is an area that should be supportive due to the large, round, psychologically significant nature of the handle, and of course the previous action. Because of this, I believe that we may get a buying opportunity near the $45 level when it comes to this market.
Thanks for watching, all 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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