Hello and welcome to News BTC’s Market Outlook July 20.
DASH/USD
DASH rally during the day on Wednesday, slicing through the $170 level. We still have quite a bit of resistance above though, and it looks like we are starting to roll over little bit. With this being the case, it’s likely that we may get a bit of a pullback during the session but the $150 level should offer support. Alternately, if we did break above the top of the range for the session, the market could go much higher.
LTC/USD
LiteCoin pulled back during the session on Wednesday, as we are now below the $42 level again. It looks as if $45 is starting offer significant resistance. If we break down from here, that could be a very bad sign. Alternately, if we can break above $45, then it’s time to start buying again as it shows that the market is starting to show real resiliency.
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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