Hello and welcome to News BTC’s Market Outlook April 27.
DASH continues to grind sideways against the US dollar, but has found a little bit of support at $72 level. As we approached the $73 level we pulled back, but I still believe that the market will try to make its way towards the $74 handle. This is a longer-term investment, and difficult to trade from the short term perspective. $70 below still continues to offer massive support.
LiteCoin continues to find support below, this time at the $16 level. By forming a hammer during the day, it looks as if the market is ready to break out and above the $17 level. Given enough time, I expect this market to go much higher, especially considering the impulsivity that we have seen over the last several weeks. I have no interest in selling, and believe that the buyers will return again and again.
Thank you for watching and see you again tomorrow.