DASH/USD and LTC/USD Technical Analysis May 26, 2017

newsbtc

Last Updated: June 11, 2024 1:22 pm

1 min read

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 26.

DASH/USD

DASH continues to bullish overall, but had a negative session during the day on Thursday. Ultimately, we are in an uptrend but we are a little bit overbought currently. Looking for some type of support of bounce is probably the best way to go in this market. Short-term pullbacks should offer value the traders continue to take advantage of but we have come so far in such a short amount of time that a little bit of profit-taking makes quite a bit of sense.

LTC/USD

LiteCoin continues to look bullish overall, but also pulled back during the day, testing the $30 level. That area is acting as support as expected, it now should be an area where buyers step back into the market. The highs of course will be targeted near the $40 handle, and I believe that there is more than enough support extending all the way to the $24 level to keep this market very bullish over the longer term.

Thanks for watching and see you again tomorrow.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.