Hello and welcome to News BTC’s Market Outlook Aug 18.
DASH continues to look very bullish, as we have broken above the $250 level during Thursday trading. On pullbacks, I believe that there will be plenty of buying pressure, especially near the $245 level and below there at the $240 level. I have no interest in selling, and it looks like we have finally seen momentum reenter the market.
LiteCoin initially dipped during the session on Thursday, testing the $43.50 level. The $45 level above is massive resistance though, so I would be a bit hesitant to go long until we cleared the $46 level. Underneath at the $43.50 level, we should continue to see support.
Thanks for watching, I will see you again tomorrow.
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.