Hello and welcome to News BTC’s Market Outlook Aug 2.
DASH continues to be volatile, as we bounced during the session on Tuesday, but continue to find quite a bit of resistance above. Quite frankly, this market is probably a bit too volatile to be trading currently, but I would suspect that the $170 level should continue to offer support. With that in mind, I have a relatively neutral outlook for this market right now.
LiteCoin tried to rally as well, but found resistance near the $45 level. It also looks a lot like the DASH market, simply one that is treading water. At this point, I find myself on the sidelines of this market place, waiting for some type of impulsive candle to enter until me which direction to be involved with.
Thanks for watching, we’ll see you again tomorrow.