Hello and welcome to News BTC’s Market Outlook July 27.[embedded content]
DASH continue to show bullish pressure overall during the day on Wednesday, as we reached the $210 level again. Because of this, the market looks as if it is ready to continue going higher in the pullback should be buying opportunities. I have no interest in shorting this market, it seems to be massively supported below, especially near the $180 level. That’s not to say that we are going to take off immediately, but it certainly looks as if the buying pressure is building.
LiteCoin fell slightly during the session on Wednesday but found enough support at the $40 level to continue to look very well supported. Because of this, I believe that we will eventually go higher, and a break above the $44 level, I feel that the next stop will be somewhere closer to the $48 level, then the $52 level. Pullbacks continue to be buying opportunities.
Thanks for watching, will see you again tomorrow.