Hello and welcome to News BTC’s Market Outlook July 26.
DASH/USD
DASH continues to be very volatile as if the currencies have had a rough day. Ultimately, the market found enough support at the $170 level underneath, and bounced back towards the $200 level. Ultimately, I think that the market is still a “buy on the dips” scenario. Given enough time, I anticipate that the buyers will take over again.
LTC/USD
LiteCoin fell during the day as most crypto currency struggled. The $40 level underneath should be supportive, and I think that support extends down to the $36 level. A breakdown below the $36 level census market much lower. Alternately, if we get a supportive daily candle I would be more than willing to start buying as the market has been in an uptrend for some time.
Thanks for watching, we’ll see you again tomorrow.