DASH/USD and LTC/USD Technical Analysis April 28, 2017

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1 year ago

1 min read

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Hello and welcome to News BTC’s Market Outlook April 28.

DASH/USD

DASH initially fell during the day on Thursday, but turned around to rally quite extensively. Because of this, the market looks likely to grind its way to much higher levels. I currently believe that the $78 level will be targeted, but this market is very choppy as it is very young, so expect quite a bit of volatility. I believe that the $70 level now will act as a massive floor.

LTC/USD

LiteCoin fell during the session on Thursday, reaching towards the $15 level which I anticipate being supportive. Because of this, a bounce could happen here, or at an even more impressive $13 level. Either way, I’m not interested in shorting this market and believe that buying on the dips will be a smart way to go longer-term as the market has been so strong for so long.

Thanks for watching and see you again monday.

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