Hello and welcome to News BTC’s Market Outlook July 12.
DASH/USD
DASH initially fell on Tuesday, but found support just above the $150 level. This was vital, because quite frankly this was a major support level. After the significant fall that we have seen for the last several sessions, this could be a sign that buyers are finally looking in at the market and suggesting that we are not overbought. A break above the $180 level is a classic buy signal for technical analysts.
LTC/USD
LiteCoin had a very similar session, as we broke down to the $40 level. We turned around though, and it now look bullish again. It appears as if the market is ready to go looking towards the highs, which is near the $55 level. Choppiness of volatility continues, but quite frankly this is still a bullish market, so therefore this dip should be offering value.
Thank you for watching, we will 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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