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