Hello and welcome to News BTC’s Market Outlook July 13.
DASH continues to chop around, but it did find support at the $160 level, an area that I thought was vital. Because of this, I think that eventually we will break out to the upside and that we are essentially in an accumulation phase at the moment. With this in mind, I’m a buyer on dips, as long as we can stay above the vinyl $150 handle.
LiteCoin continues to chop around, but more importantly, continues to find support just above the $40 handle. Because of this, I believe it’s only a matter of time before we rally and go back towards the highs again. I am a buyer, and I recognize that the market is simply trying to build up enough momentum to break out to the upside and finally clear the $55 handle.
Thanks for watching, see you again tomorrow.