Hello and welcome to News BTC’s Market Outlook July 3.
DASH/USD
DASH continues to look bullish as we rallied on Friday yet again. The $190 level above offers a bit of resistance, but the real barrier is the $200 level. Because of this, I think that short-term pullbacks continue to be buying opportunities and we will eventually break out above $200 and continue to go much higher. This isn’t to say that is can be easy to do, but it looks as if the market wants to break the $200 resistance barrier.
LTC/USD
LiteCoin continues to look bullish, but not nearly as bullish as DASH has been. The $37.50 level continues to offer support, but the $42.50 level continues to offer resistance. Once we break above the $42.50 level, then the market should be free to go to $47.50 again. This is still a “buy on the pullbacks” type of market.
Thank you 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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