DASH/USD and LTC/USD Technical Analysis April 28, 2017

By Christopher Lewis Apr 28, 2017 3:04 AM EDT

This story was shared from this site

Hello and welcome to News BTC’s Market Outlook April 28.
[embedded content]

DASH/USD

DASH initially fell during the day on Thursday, but turned around to rally quite extensively. Because of this, the market looks likely to grind its way to much higher levels. I currently believe that the $78 level will be targeted, but this market is very choppy as it is very young, so expect quite a bit of volatility. I believe that the $70 level now will act as a massive floor.

LTC/USD

LiteCoin fell during the session on Thursday, reaching towards the $15 level which I anticipate being supportive. Because of this, a bounce could happen here, or at an even more impressive $13 level. Either way, I’m not interested in shorting this market and believe that buying on the dips will be a smart way to go longer-term as the market has been so strong for so long.

Thanks for watching and see you again monday.

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 28, 2017

Hello and welcome to News BTC’s Market Outlook April 28.[embedded content] ETH/USD Ethereum rallied against the US dollar during the...

Close