Hello and welcome to News BTC’s Market Outlook September 6.
DASH/USD
DASH gained a bit of value during the day on Monday, but we are still very much beaten-down from the selloff. I would be cautious about buying this market until we break above the $350 level, which would show a significant change in attitude. I suspect that we may consolidate for a while, so there’s no need to jump in right away.
LTC/USD
Litecoin rallied a bit as well, testing the $74 level, but failing as I write this. If we managed to break above the $75 level, I would be willing to put a small position back into the marketplace, but I suspect the crypto currencies overall are going to consolidate after the massive selloff over the weekend.
Thanks for watching, I’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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