Hello and welcome to News BTC’s Market Outlook April 25.[embedded content]
The DASH/USD market continues to be choppy, as we bounced between the $70 level on the bottom and the $73 level on the top. Currently, looks as if we are consolidating in general, and a bounce from the $70 level should send this market to higher levels. A break above the $73 level should have this market looking for the $75 handle after that. A breakdown below $70 would be very negative and should send this market down to the $69 level and then the $66 level.
LiteCoin found enough resistance at the $16 level to turn things around us or falling. Currently, looks as if the $15.50 level underneath is supportive, and even if we break down below there I’m still going to be looking for a supportive candle or a bounce to take advantage of a massive uptrend that we have seen for several days now. I would also suggest that perhaps we are forming a bullish flag on the 4-hour chart.
Thank you 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.