DASH/USD and LTC/USD Technical Analysis August 22, 2017

Hello and welcome to News BTC’s Market Outlook Aug 22.
[embedded content]

DASH/USD

DASH did very little during the day on Monday, as we continue to hover just below the $300 level. A break above there should send this market looking towards the $350 level, and I believe there is a significant amount of support below, extending down to the $250 level. Because of this, I still believe in buying dips.

LTC/USD

Litecoin continues to see a bit of volatility, as we gapped lower at the open on Monday, but found enough support at the $45 level. Bouncing from there send this market to the $47 level above, and it now looks as if the buyers are coming back into the market as we pulled back. I like buying this market, and believe that we will eventually reach above the $47.50 level, and then aim for the $50 level after that.

Thank you for watching, I’ll 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.

Source: Newsbtc

loading...