Hello and welcome to News BTC’s Market Outlook May 17.
DASH found itself initially falling during the day on Tuesday, but found buyers underneath. As this continues to be a pattern, look to buy dips in this market as we build up momentum to finally break out to the upside a bit more. $100 is probably the first reasonable target, but quite frankly it looks like there’s more upward momentum after that.
LiteCoin struggled a bit during the day on Tuesday, testing the $24 handle. We found a little bit of support underneath there, and quite frankly after the recent move this pullback is only going to offer value. Look to buy at lower levels, as we will build up enough momentum to finally break out to the upside and continue going higher. I have no interest in selling.
Thank you for watching and see you again tomorrow.