Hello and welcome to News BTC’s Market Outlook September 14.
DASH fell significantly on Wednesday, reaching towards the $282 level. By doing so, we have sliced through psychological support at the $300 level, and it now appears that rallies will offer short-term selling opportunities. I believe that the markets will probably try to find their footing given enough time, but quite frankly it’s a market that looks a little bit shaken, so I would be hesitant to start buying.
Litecoin fell significantly as well, but bounced from the $58 level. That of course is a supportive sign, but I would need to see this market clue the $64 level to actually put money to work. At that point, I think that Litecoin would go towards the $72 handle.
Thanks for watching, be back tomorrow.