Hello and welcome to News BTC’s Market Outlook July 19.
DASH rallied during the session on Tuesday, breaking above the $150 level. It looks as if the market is going to continue to go higher but there’s a lot of noise above, so it’s likely that it will be a very difficult grind higher. However, if we get some type of exhaustive candle, it could turn the entire thing back around.
LiteCoin fell initially during the day on Tuesday, but found enough support underneath to turn things around. It looks very bullish, and it appears that the market is ready to go reaching towards the $50 level over the longer term. The initial resistance will be found at $47.50 though.
Thank you for watching, we’ll see you again tomorrow.