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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

DASH/USD and LTC/USD Technical Analysis Aug 17, 2017

newsbtc
newsbtc
1 year ago
1 min read

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Hello and welcome to News BTC’s Market Outlook Aug 17.

DASH/USD

DASH continues to look choppy in general, but we saw quite a bit of bullish pressure during the day. By exploding to the upside, we have cleared a significant barrier, and it now looks like we could continue to go higher. However, with the choppy nature of this market it’s likely that the pullbacks will continue. Quite frankly, those pullbacks should be buying opportunities at this point and I expect the $208 level to offer support.

LTC/USD

Litecoin also look very bullish, breaking above the $44 level. However, there is a significant amount of resistance at the $45 level above, so although things look bullish, and I am more or less going to be bullish longer-term, at this point it’s probably best to wait for this market to break above the $46 handle before buying.

Thanks for watching, see you again tomorrow.

 

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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