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Hello and welcome to News BTC’s Market Outlook Aug 31.
DASH/USD
DASH continues to go sideways in general, essentially making itself “dead money.” With this being the case, the market looks likely to use the $350 level as support as we continue to grind sideways but with a very slight upward tendency. With this, accumulation may be the best way to describe what we are going through right now.
LTC/USD
Litecoin is fairly quiet as well, using the $61 level as short-term support. Ultimately, this market should continue the uptrend that we have seen recently, as the impulsivity typically is followed by a sideways move, and then a grind to the upside. Ultimately, this is a market that should continue to see buyers on pullbacks, as the market should continue to go much higher.
