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DASH/USD and LTC/USD Technical Analysis September 13 2017

Avatar newsbtc 3 years ago

Hello and welcome to News BTC’s Market Outlook September 13.

DASH/USD

DASH continues to grind sideways overall, and essentially treading water. It looks like the $325 level is essentially a fulcrum for the market that traders are attracted to, and therefore I think it’s only a matter of time before we should make an impulsive move.  However, one should think about this as an investment and not a trade, and I do believe that eventually buyers will be rewarded. Because of this, patience will be needed.

LTC/USD

Litecoin initially rallied on Tuesday, reaching the $72 level. We cannot break above it though, and have fallen back down. Because of this, I believe that we will need to continue to pull back occasionally to build up the necessary momentum to break out to the upside. It might be choppy, but I think the buyers will be rewarded.

Thanks for watching, I’ll be back tomorrow.

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