DASH/USD and LTC/USD Technical Analysis April 21, 2017

By Guest Author Apr 21, 2017 1:42 AM EDT

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Hello and welcome to News BTC’s Market Outlook April 21.

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Dash/USD

DASH went back and forth during the session, bouncing around between $71 and $78.50 on the top against the US dollar. This range bound action looks set to continue, so a simple range bound trading system is probably best employed here. Looking for support near $71, and most certainly extending down the $70 to go long would make sense, while shorting near the $78 level should bring profit.

LTC/USD

The LTC/USD pair rallied slightly during the evening, bouncing off of the $10 level. With the psychological significance of $10, I believe that this market is going to continue to try to grind higher, and the first target would be $12. A break above there should send this market to the $13.50 level above which was the recent high. Pullbacks should continue to offer short-term buying opportunities. Ultimately, this market should break out as we have seen so much bullish pressure all the way down to the $7 level.

Thanks for watching and 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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