DASH/USD and LTC/USD Technical Analysis September 7 2017

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1 year ago

1 min read

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Hello and welcome to News BTC’s Market Outlook September 7.

DASH/USD

DASH rose during the trading session on Wednesday, reaching as high as $370 a couple of times. However, we cannot sustain gains for any real length of time, so I think that we may be looking at a market that’s getting ready to roll over again. If we cleared the highs of the day, then I would be more convinced. Having said that, while the rest of the crypto currencies were rallying last week, this one was sitting sideways and that of course causes a little bit of concern.

LTC/USD

Litecoin active just as Ethereum and Bitcoin did on Wednesday, pulling back slightly, finding the first level of support, and then bouncing. Litecoin looks as if it is going to continue to be a “buy on the dips” crypto currency, so therefore I am bullish of this market and expect to test the $85 level over the next several days.

Thanks for watching, I’ll be back tomorrow.

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