Hello and welcome to News BTC’s Market Outlook September 8.
DASH continues to go sideways overall as Thursday have the market dancing around the $350 level. Ultimately, this is a market that should continue to go higher given enough time, but we need clear the $360 level on a daily close for momentum traders to be convinced. Otherwise, I suspect that we will see more consolidation.
Litecoin initially fell on Thursday, but found support at the $78 level. It now looks as if were going to try to break above the $82 handle, which should send this market looking for the $84 level, and then the $90 handle. $78 seems to be an area where buyers are willing to come in and pick up Litecoin based upon value.
Thanks for watching, I’ll be back tomorrow.