Hello and welcome to News BTC’s Market Outlook July 11.
DASH/USD
DASH continues to be volatile as the Monday morning trade was to start selling again. We’re below the $200 level, but I see a significant amount of support near the $180 level below. While it is choppy, and a bit negative looking, I think that there is far too much in the way of buying pressure underneath to start shorting. I believe that it’s only a matter of time before we turn around and start going higher.
LTC/USD
LiteCoin also had a negative session on Monday, testing the $45 level. This is an area that should be supportive due to the large, round, psychologically significant nature of the handle, and of course the previous action. Because of this, I believe that we may get a buying opportunity near the $45 level when it comes to this market.
Thanks for watching, all see you again tomorrow.