Hello and welcome to News BTC’s Market Outlook July 21.
DASH continue to find buyers during the session on Thursday, breaking above the shooting star from Wednesday, and clearing the vital $170 handle. Because of this, looks as if we are going to continue to grind higher, and short-term pullback should offer buying value in a very strong uptrend. We could very well see the $220 level over the next several sessions.
LiteCoin rose during the day, bouncing over the $42.50 level, and starting to attack the $45 level. On a move above $45, I believe that this market will probably go looking for $52 over the longer term. I think that we are still very well supported underneath, so short-term pullbacks could be thought of as value.
Thanks for watching, I’ll see you again on Monday.