Hello and welcome to News BTC’s Market Outlook September 8.
DASH/USD
DASH continues to go sideways overall as Thursday have the market dancing around the $350 level. Ultimately, this is a market that should continue to go higher given enough time, but we need clear the $360 level on a daily close for momentum traders to be convinced. Otherwise, I suspect that we will see more consolidation.
LTC/USD
Litecoin initially fell on Thursday, but found support at the $78 level. It now looks as if were going to try to break above the $82 handle, which should send this market looking for the $84 level, and then the $90 handle. $78 seems to be an area where buyers are willing to come in and pick up Litecoin based upon value.
Thanks for watching, I’ll be back 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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