Hello and welcome to News BTC’s Market Outlook July 24.
DASH rallied during the day on Friday, as we are approaching the $200 level. A break above here should send this market looking for the $230 level next. Short-term pullbacks could happen, but we look at those as momentum building exercises, with support coming back into the marketplace near the $180 level.
LiteCoin initially tried to rally during the day but fell a bit flat. It looks as if the market is trying to consolidate, as we are sitting just above the psychologically important $45 level. Look for choppy trading conditions with more of an upward bias than anything else.
Thanks for watching, we’ll see you again tomorrow.