Hello and welcome to News BTC’s Market Outlook April 24.
DASH continues to chop around in a very tight range against the US dollar, as $70 offers a very significant support. As we find ourselves getting closer to that level, I’m more apt to start buying and perhaps try to hang on to the move until we get to at least the $70 level. This is a very illiquid market, so the moves are choppy. Because of this, by nature you have to pay attention to the longer-term trends if possible, and be as patient as possible.
Litecoin continues to rally against the US dollar as we are bumping up against the $12.50 level. If we can break above there, the market should then go to the $13.50 level, and at this point I believe that any pullback on short-term chart is value just waiting to be bought. I believe that the $10 level is massively supportive and essentially the “floor” in the market. Because of this, I remain bullish but I also recognize the patients will be needed in order to take advantage of the uptrend.
Thanks for watching and see you again tomorrow.