Hello and welcome to News BTC’s Market Outlook September 1.
DASH/USD
DASH continues to do almost nothing against the US dollar, as we hover slightly above the $370 level. I believe that this market will continue to be very quiet, and currently I believe there are other crypto currencies a can bring in much more in the way of profits. That’s not to say that this market will go higher, and almost certainly will over the longer term, but the choppiness keeps me away.
Litecoin
The Litecoin markets against the US dollar were strong, breaking towards the $60 level. I believe that the market will eventually break above there and go towards the $70 handle, but given enough time it’s likely that the volatility will increase. I look at short-term pullbacks as buying opportunity as Litecoin has performed quite well over the last several weeks.
Thanks for watching, I’ll be back tomorrow.