Hello and welcome to News BTC’s Market Outlook June 30.
DASH tried to rally during the Thursday session, but found the $190 level to be too resistive. Because of this, we turned around to form a bit of a shooting star and it looks like we may need to pull back to find more support and more importantly, momentum. Longer-term, it looks as if we are still trying to build up momentum to break above the $200 level. Look for major support near the $160 handle.
LiteCoin fell as well, reaching towards the $37.50 level. We still see a significant amount of support in this area, extending down to the $35 handle. We are looking for a supportive candle or some type of short-term bounce to start buying again. Ultimately this market looks as if it wants to test the $50 level, but we will have to break free of the $42.50 level, and then the $47.50 level after that. Longer-term, this market still looks very bullish.
Thanks for watching, we’ll see you again on Monday.