DASH/USD and LTC/USD Technical Analysis May 23, 2017

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Hello and welcome to News BTC’s Market Outlook May 23.

DASH/USD

DASH initially fell during the day on Monday but found enough support at the $92.50 level to turn around and bounce significantly. In fact, we tested the $105 level, and the area of contention as of late. If we can break above there, the market should then go to the $110 level next. Ultimately, I believe that the markets will continue to find buyers on dips, and we will eventually break above the $110 level, so I am bullish longer term.

LiteCoin

LiteCoin fell initially during the day on Monday, but found support at the $22 level again. This is an area that has been supportive in the past, and I believe that a break above the top of the candle for the session on Monday send this market higher again. I believe that we will grind towards the $30 level, and a break above there would signify that we’re going to have the longer-term moved to the upside. Ultimately, this is a market that is “by only.”