Hello and welcome to News BTC’s Market Outlook July 17.
DASH fell slightly during the day on Friday, but continues to find plenty of support just below. The $160 level is acting as a bit of a floor, extending down to the $150 level. Longer-term traders are probably trying to build up larger positions right now, but more than likely we will see plenty of sideways action between now and when momentum builds up. Because of this, I believe that patience will be needed.
LiteCoin managed to fall as well during the day, but the 4250 level seems to be supportive. Longer-term, I believe that the buyers will return and push this market higher, but currently I feel as if the market will probably drift a little bit lower, looking for buyers.
Thanks for watching, I’ll see you again tomorrow.