Hello and welcome to News BTC’s Market Outlook July 6.
DASH continues to look very bullish in general, as we broke above the $200 level at one point during the day on Wednesday. Given enough time, the market looks as if it is going to finally break above there and make a fresh, new high. Once it does, I’m a buyer, but I also believe that pullbacks to the $180 level could also be buying opportunities on signs of strength.
LiteCoin fell slightly during the day on Wednesday, testing the $50 level. On the pullback, but this is an area where I believe that the markets should continue to find buyers underneath and we could continue to go to the upside. The market looks very explosive to the upside, and pullbacks continue to be value propositions in a longer-term uptrend. Ultimately, the market should continue to find bullish pressure as the impulsive move has shown a renewed interest by the bullish traders.
Thanks for watching, we’ll see you again tomorrow.