DASH/USD and LTC/USD Technical Analysis September 15 2017

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Hello and welcome to News BTC’s Market Outlook September 15.

DASH/USD

DASH fell significantly during the day on Thursday, reaching towards the $260 level. I think at this point, rallies are to be sold, and that the $300 level above is massively resistive. I think given enough time, we will probably go down to the $250 level. This is a negative market, and has lost over 12% on Thursday alone. I think we will continue to see bearish pressure.

LTC/USD

Litecoin fell significantly during the day on Thursday as well, testing the $50 level. If we can break down below the $50 level, the market should continue to go much lower. In the meantime, I believe that the $58 level above is resistance, so it’s not until we break above there that I would be comfortable buying.

Thanks for watching, I’ll be back on Monday.