Reason to trust
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Hello and welcome to News BTC’s Market Outlook Aug 23.
DASH/USD
DASH continues to look very choppy, as we hover below the $300 level. Because of this, I am waiting for a break above the $300 level to start buying. I believe there is a bit of a “floor” in the market near the $250 level, so a pullback to that level could have me buying as well. Currently, I have no interest in shorting this market.
LTC/USD
Litecoin had a rough day as many crypto currencies did on Tuesday, but it looks as if it is trying to recapture the $47 level. If we can break above there, the market should continue to go towards the $48.50 level, and then eventually the $50 handle after that. A breakdown below the $43 level would be very negative, but overall we have a bit of an uptrend going.
Thanks for watching, I’ll see you again tomorrow.
