Hello and welcome to News BTC’s Market Outlook May 15.
DASH continue to find buyers on the dips for the Friday session, and continues to show that the $90 level looks rather supportive. Because of this, I remain bullish and have no interest in shorting this market. Given enough time, I believe that the market will then reach towards the $100 level, and then eventually the $105 level. It might be choppy, but it certainly looks as if the buyers are in control.
LiteCoin fell slightly during the day on Friday, but found enough support just at the $28 level to turn things around and show signs of support again. I believe that the market will eventually go higher but we may have to grind for a while to pick up momentum and buying pressure in a market that although very positive, certainly seems to be trying to consolidate in this vicinity.
Thanks for watching and see you again tomorrow.