Hello and welcome to News BTC’s Market Outlook July 13.
DASH/USD
DASH continues to chop around, but it did find support at the $160 level, an area that I thought was vital. Because of this, I think that eventually we will break out to the upside and that we are essentially in an accumulation phase at the moment. With this in mind, I’m a buyer on dips, as long as we can stay above the vinyl $150 handle.
LTC/USD
LiteCoin continues to chop around, but more importantly, continues to find support just above the $40 handle. Because of this, I believe it’s only a matter of time before we rally and go back towards the highs again. I am a buyer, and I recognize that the market is simply trying to build up enough momentum to break out to the upside and finally clear the $55 handle.
Thanks for watching, 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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