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DASH/USD and LTC/USD Technical Analysis April 25, 2017

newsbtc
newsbtc
1 year ago
1 min read

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Hello and welcome to News BTC’s Market Outlook April 25.

DASH/USD

The DASH/USD market continues to be choppy, as we bounced between the $70 level on the bottom and the $73 level on the top. Currently, looks as if we are consolidating in general, and a bounce from the $70 level should send this market to higher levels. A break above the $73 level should have this market looking for the $75 handle after that. A breakdown below $70 would be very negative and should send this market down to the $69 level and then the $66 level.

LTC/USD

LiteCoin found enough resistance at the $16 level to turn things around us or falling. Currently, looks as if the $15.50 level underneath is supportive, and even if we break down below there I’m still going to be looking for a supportive candle or a bounce to take advantage of a massive uptrend that we have seen for several days now. I would also suggest that perhaps we are forming a bullish flag on the 4-hour chart.

Thank you for watching and see you again tomorrow.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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