Welcome to News BTC’s Market Outlook September 22.
DASH rallied a bit during the day on Thursday, as cryptocurrencies, in general, are fairly quiet. In fact, out of the cryptocurrencies that I follow, DASH was the strongest performer. Because of this, I think that we continue to see buyers on dips, and it could lead the way for other cryptocurrencies to go higher. A break above the $370 level has this market looking for the $375 level, and then eventually the $400 level.
Litec went sideways as most cryptocurrencies did during the session, but I think we are building up confidence in the cryptocurrency markets again, after the Chinese band Bitcoin. This is a bullish sign, because it shows that people are hanging onto their positions. Eventually, we should see impulsivity to the upside, and a move towards the $60 level.