Hello and welcome to News BTC’s Market Outlook Aug 22.
DASH did very little during the day on Monday, as we continue to hover just below the $300 level. A break above there should send this market looking towards the $350 level, and I believe there is a significant amount of support below, extending down to the $250 level. Because of this, I still believe in buying dips.
Litecoin continues to see a bit of volatility, as we gapped lower at the open on Monday, but found enough support at the $45 level. Bouncing from there send this market to the $47 level above, and it now looks as if the buyers are coming back into the market as we pulled back. I like buying this market, and believe that we will eventually reach above the $47.50 level, and then aim for the $50 level after that.
Thank you for watching, I’ll see you again tomorrow.