Hello and welcome to News BTC’s Market Outlook September 13.
DASH/USD
DASH continues to grind sideways overall, and essentially treading water. It looks like the $325 level is essentially a fulcrum for the market that traders are attracted to, and therefore I think it’s only a matter of time before we should make an impulsive move. However, one should think about this as an investment and not a trade, and I do believe that eventually buyers will be rewarded. Because of this, patience will be needed.
LTC/USD
Litecoin initially rallied on Tuesday, reaching the $72 level. We cannot break above it though, and have fallen back down. Because of this, I believe that we will need to continue to pull back occasionally to build up the necessary momentum to break out to the upside. It might be choppy, but I think the buyers will be rewarded.
Thanks for watching, I’ll be back tomorrow.