Hello and welcome to News BTC’s Market Outlook Aug 3.
DASH/USD
DASH continues to look bullish although we did pull back during the day initially on Wednesday. We bounced enough to form a hammer like candle, and that suggests that we are going to go much higher, perhaps reaching towards the $210 level. As we are in the center of the Bollinger Bands, it suggests that we are somewhere near for value and should continue the uptrend eventually.
LiteCoin
LiteCoin fell a bit during the day on Wednesday, but should find support near the $40 level. That’s an area that has a large, round, psychological significance to it, and I believe that support runs down to at least the $36 level. Because of this, it’s likely that we will get a buying opportunity underneath, but clearly don’t have it quite yet.
Thanks for watching, we’ll see you again tomorrow.