DASH/USD and LTC/USD Technical Analysis May 29, 2017

newsbtc

1 year ago

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 29.

DASH/USD

DASH continues to see quite a bit of volatility, as we bounced off of the $116 level. The markets continue to find buyers on dips as it offers value, and now looks as if the market is ready to continue to try and reach the higher levels. The market continues to show extreme amounts of choppiness, but given enough time it looks as if the buyers will prevail. The $115 level underneath should continue to offer support.

LTC/USD

LiteCoin rallied slightly during the day on Friday as we continue to see a “buy on the pullbacks” type of volatility. Ultimately, it looks as if the market is trying to go higher over the longer term, and that it should probably go looking for the $34 level next. I don’t have any interest in shorting this market, it seems to be well supported underneath, so it appears that it’s a “buy only” market.

Thanks for watching and I’ll 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.