Hello and welcome to News BTC’s Market Outlook July 24.[embedded content]
DASH rallied during the day on Friday, as we are approaching the $200 level. A break above here should send this market looking for the $230 level next. Short-term pullbacks could happen, but we look at those as momentum building exercises, with support coming back into the marketplace near the $180 level.
LiteCoin initially tried to rally during the day but fell a bit flat. It looks as if the market is trying to consolidate, as we are sitting just above the psychologically important $45 level. Look for choppy trading conditions with more of an upward bias than anything else.
Thanks for watching, we’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.
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