Hello and welcome to News BTC’s Market Outlook July 26.[embedded content]
DASH continues to be very volatile as if the currencies have had a rough day. Ultimately, the market found enough support at the $170 level underneath, and bounced back towards the $200 level. Ultimately, I think that the market is still a “buy on the dips” scenario. Given enough time, I anticipate that the buyers will take over again.
LiteCoin fell during the day as most crypto currency struggled. The $40 level underneath should be supportive, and I think that support extends down to the $36 level. A breakdown below the $36 level census market much lower. Alternately, if we get a supportive daily candle I would be more than willing to start buying as the market has been in an uptrend for some time.
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.