Hello and welcome to News BTC’s Market Outlook May 29.
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.
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.