Hello and welcome to News BTC’s Market Outlook July 18.[embedded content]
DASH rally during the session on Monday, touching the $150 level. However, we did pull back from their showing signs of resistance. This is a technically bullish move though, because we broke above the top of the hammer from Friday. With this being the case, if the market can break above the $150 level, I would be a buyer.
LiteCoin did very little during the day on Monday, but appears to be using the $40 level as a bit of support. If we can break above the $42.50 level, I think that the market will be ready to grind higher. The key word here is probably grind though. Keep that in mind if you put money to work.
Thanks for watching, 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.
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