Hello and welcome to News BTC’s Market Outlook Aug 30.
DASH continues to go sideways overall, and what would have to be thought of as a very disappointing price action. On a day that the US dollar is getting absolutely hammered by most crypto currencies, DASH continues to sit still. Because of this, it has become my least favorite crypto currency in the short term. That’s not to say that we can’t go higher, it’s just that we’ve gone nowhere.
Litecoin has also done very little during the day, and on a day where Bitcoin and Ethereum are both breaking out to the upside, it’s difficult to make an argument as to why you would want to be going into this market, unless you believe we are going to play catch-up. A break above the $65 level would be that signal though, so keep that in mind.
Thanks for watching, we’ll see you again tomorrow.