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