Hello and welcome to News BTC’s Market Outlook July 27.
DASH/USD
DASH continue to show bullish pressure overall during the day on Wednesday, as we reached the $210 level again. Because of this, the market looks as if it is ready to continue going higher in the pullback should be buying opportunities. I have no interest in shorting this market, it seems to be massively supported below, especially near the $180 level. That’s not to say that we are going to take off immediately, but it certainly looks as if the buying pressure is building.
LTC/USD
LiteCoin fell slightly during the session on Wednesday but found enough support at the $40 level to continue to look very well supported. Because of this, I believe that we will eventually go higher, and a break above the $44 level, I feel that the next stop will be somewhere closer to the $48 level, then the $52 level. Pullbacks continue to be buying opportunities.
Thanks for watching, will see you again tomorrow.