DASH/USD and LTC/USD Technical Analysis May 31, 2017

Hello and welcome to News BTC’s Market Outlook May 31.

DASH/USD

DASH rose during the session on Tuesday, reaching towards the $124 level. If we can break above that level, I feel that the market will then go looking for the $140 level, offering a nice buying opportunity. Pullbacks should continue to find plenty support near the $116 level, which offered support during the day. Expect choppy conditions, but we should continue to see buyers.

LTC/USD

LiteCoin had a bullish session on Tuesday, reaching towards the $26 level. A break above there should send this market looking for the $30 level above which has been a bit resistive in the past. We have gradually slid lower over the last several sessions, but we still have plenty of support below and I believe that this pullback is simply an opportunity to build up position signs for the longer-term bullish move.

Thanks for watching and see you again tomorrow.

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