DASH/USD and LTC/USD Technical Analysis September 13 2017




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Hello and welcome to News BTC’s Market Outlook September 13.

DASH/USD

DASH continues to grind sideways overall, and essentially treading water. It looks like the $325 level is essentially a fulcrum for the market that traders are attracted to, and therefore I think it’s only a matter of time before we should make an impulsive move.  However, one should think about this as an investment and not a trade, and I do believe that eventually buyers will be rewarded. Because of this, patience will be needed.

LTC/USD

Litecoin initially rallied on Tuesday, reaching the $72 level. We cannot break above it though, and have fallen back down. Because of this, I believe that we will need to continue to pull back occasionally to build up the necessary momentum to break out to the upside. It might be choppy, but I think the buyers will be rewarded.

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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