DASH/USD and LTC/USD Technical Analysis April 26, 2017

By Guest Author Apr 26, 2017 2:29 AM EDT

This story was shared from this site

Hello and welcome to News BTC’s Market Outlook April 26.
[embedded content]

DASH/USD

DASH has been choppy over the last 24 hours, as we continue to find the $72 level as a bit of an equilibrium. Currently, there is significant support at the $70 handle while there is also significant resistance at the $74 level. Expect back and forth range bound type of trading with buying opportunities near $70, and selling opportunities near $74. Having said that, I still favor the upside.

LTC/USD

LiteCoin continues consolidation just below the $15 level, with significant support at $14. Dips at this point in time seem to be buying opportunities as the market is most certainly in an uptrend. In fact, we can break down all the way to the $13 level and still be very healthy looking. Currently, it looks as if we are trying to form some type of bullish flag, which is a very bullish sign.

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.

Comments are closed here.

Read previous post:
ETH/USD and ETH/BTC Technical Analysis April 26, 2017

Hello and welcome to News BTC’s Market Outlook April 26.[embedded content] ETH/USD Ethereum had a very quiet session on Tuesday...

Close