DASH/USD and LTC/USD Technical Analysis June 7, 2017

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Hello and welcome to News BTC’s Market Outlook June 7.

DASH/USD

DASH initially fell during the session on Tuesday, but found enough support after a significant pullback to turn around and form a hammer. The hammer is a very bullish sign, and it now looks as if we can start to try to work towards higher levels, and a break above the $152 level should be assigned that the buyers are ready to continue pushing to the upside. Pullbacks continue to be buying opportunities.

LTC/USD

LiteCoin initially fell during the day on Tuesday, but turned around and bounced above the $30 level again. Because of this, looks as if the bullish pressure is building up and we are ready to break out to the upside. The $34 level above should continue to be a target for the buyers, and if we can break above there, the market could go as high as the $40 level in the short run. Pullbacks continue to be very bullish in general.

Thanks for watching and will see you again tomorrow.