DASH/USD and LTC/USD Technical Analysis August 23, 2017

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1 year ago

1 min read

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Hello and welcome to News BTC’s Market Outlook Aug 23.

DASH/USD

DASH continues to look very choppy, as we hover below the $300 level. Because of this, I am waiting for a break above the $300 level to start buying. I believe there is a bit of a “floor” in the market near the $250 level, so a pullback to that level could have me buying as well. Currently, I have no interest in shorting this market.

LTC/USD

Litecoin had a rough day as many crypto currencies did on Tuesday, but it looks as if it is trying to recapture the $47 level. If we can break above there, the market should continue to go towards the $48.50 level, and then eventually the $50 handle after that. A breakdown below the $43 level would be very negative, but overall we have a bit of an uptrend going.

Thanks for watching, I’ll see you again tomorrow.

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