DASH/USD and LTC/USD Technical Analysis April 27, 2017

By Christopher Lewis Apr 27, 2017 1:47 AM EST

This story was shared from this site

Hello and welcome to News BTC’s Market Outlook April 27.
[embedded content]


DASH continues to grind sideways against the US dollar, but has found a little bit of support at $72 level. As we approached the $73 level we pulled back, but I still believe that the market will try to make its way towards the $74 handle. This is a longer-term investment, and difficult to trade from the short term perspective. $70 below still continues to offer massive support.


LiteCoin continues to find support below, this time at the $16 level. By forming a hammer during the day, it looks as if the market is ready to break out and above the $17 level. Given enough time, I expect this market to go much higher, especially considering the impulsivity that we have seen over the last several weeks. I have no interest in selling, and believe that the buyers will return again and again.

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.

Facebook Comments

Comments are closed here.

Read previous post:
ETH/USD and ETH/BTC Technical Analysis April 27, 2017

Hello and welcome to News BTC’s Market Outlook April 27.[embedded content] ETH/USD Ethereum rallied against the US dollar during the...