DASH/USD and LTC/USD Technical Analysis July 13, 2017

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1 year ago

1 min read

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Hello and welcome to News BTC’s Market Outlook July 13.

DASH/USD

DASH continues to chop around, but it did find support at the $160 level, an area that I thought was vital. Because of this, I think that eventually we will break out to the upside and that we are essentially in an accumulation phase at the moment. With this in mind, I’m a buyer on dips, as long as we can stay above the vinyl $150 handle.

LTC/USD

LiteCoin continues to chop around, but more importantly, continues to find support just above the $40 handle. Because of this, I believe it’s only a matter of time before we rally and go back towards the highs again. I am a buyer, and I recognize that the market is simply trying to build up enough momentum to break out to the upside and finally clear the $55 handle.

Thanks for watching, see you again tomorrow.

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