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DASH/USD and LTC/USD Technical Analysis May 31, 2017

newsbtc
newsbtc
1 year ago
1 min read
ltcusd

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Hello and welcome to News BTC’s Market Outlook May 31.

DASH/USD

DASH rose during the session on Tuesday, reaching towards the $124 level. If we can break above that level, I feel that the market will then go looking for the $140 level, offering a nice buying opportunity. Pullbacks should continue to find plenty support near the $116 level, which offered support during the day. Expect choppy conditions, but we should continue to see buyers.

LTC/USD

LiteCoin had a bullish session on Tuesday, reaching towards the $26 level. A break above there should send this market looking for the $30 level above which has been a bit resistive in the past. We have gradually slid lower over the last several sessions, but we still have plenty of support below and I believe that this pullback is simply an opportunity to build up position signs for the longer-term bullish move.

Thanks for watching and see you again tomorrow.

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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.

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