DASH/USD and LTC/USD Technical Analysis May 18, 2017

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Last Updated: June 11, 2024 1:22 pm

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Hello and welcome to News BTC’s Market Outlook May 18.

DASH/USD

DASH fell initially during the trading session on Wednesday, but found enough support at the $77.50 level to turn things around and form a hammer. This just shows how much interest there is underneath and because of this it’s likely that every time we pull back there should be a bit of a bounce. The market seems to be accumulating and trying to build up enough momentum to finally go reaching towards the $100 level again.

LTC/USD

LiteCoin fell during the day initially on Wednesday but found enough support at $21 to turn things around and form a supportive looking candle. Because of this, it’s likely that the market will bounce from here and go looking for the $30 level, then perhaps the $35 level after that. The market has been in an uptrend for some time, so this move of course makes quite a bit of sense.

Thanks for watching and see you again tomorrow.

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