DASH/USD and LTC/USD Technical Analysis Aug 17, 2017




Hello and welcome to News BTC’s Market Outlook Aug 17.

DASH/USD

DASH continues to look choppy in general, but we saw quite a bit of bullish pressure during the day. By exploding to the upside, we have cleared a significant barrier, and it now looks like we could continue to go higher. However, with the choppy nature of this market it’s likely that the pullbacks will continue. Quite frankly, those pullbacks should be buying opportunities at this point and I expect the $208 level to offer support.

LTC/USD

Litecoin also look very bullish, breaking above the $44 level. However, there is a significant amount of resistance at the $45 level above, so although things look bullish, and I am more or less going to be bullish longer-term, at this point it’s probably best to wait for this market to break above the $46 handle before buying.

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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