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DASH/USD and LTC/USD Technical Analysis June 6, 2017

Avatar newsbtc 3 years ago

Hello and welcome to News BTC’s Market Outlook June 6.

DASH/USD

DASH continue to grind at high levels during the Monday session as we are trading around the $145 level. It looks as if the $140 level is offering support while the $150 level above is starting offer resistance. The market may be due for another pullback as the swings back and forth have been rather drastic. Because of this, I’m looking for a “buy on the pullbacks” type of mentality in the market going forward and believe that they are healthy.

LTC/USD

LiteCoin continues to look bullish in general, as we have broken higher yet again during the day on Monday, it appears now that if we can clear the $30 level, the market will almost certainly run towards the $34 handle, and then go looking for even further gains. Although we have pulled back over the last couple of weeks, I believe that we have simply been trying to build up enough momentum to continue the longer-term uptrend.

Thanks for watching, I’ll see you tomorrow.

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