Hello and welcome to News BTC’s Market Outlook Aug 3.
DASH continues to look bullish although we did pull back during the day initially on Wednesday. We bounced enough to form a hammer like candle, and that suggests that we are going to go much higher, perhaps reaching towards the $210 level. As we are in the center of the Bollinger Bands, it suggests that we are somewhere near for value and should continue the uptrend eventually.
LiteCoin fell a bit during the day on Wednesday, but should find support near the $40 level. That’s an area that has a large, round, psychological significance to it, and I believe that support runs down to at least the $36 level. Because of this, it’s likely that we will get a buying opportunity underneath, but clearly don’t have it quite yet.
Thanks for watching, we’ll see you again tomorrow.