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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

DASH/USD and LTC/USD Technical Analysis April 24, 2017

newsbtc
newsbtc
1 year ago
1 min read

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Hello and welcome to News BTC’s Market Outlook April 24.

DASH/USD

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.

LTC/USD

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.

 

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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