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DASH/USD and LTC/USD Technical Analysis June 9, 2017

Avatar newsbtc 3 years ago


DASH continues to look bullish in general, as we initially pulled back but then found plenty of buying pressure during the day on Thursday. The $150 level of course looks resistive still, and on the daily close above that level, I feel that this market can go much higher. Until then, it’s essentially a “buy on the dips” situation.


LTC/USD initially tried to rally during the day on Thursday but found quite a bit of resistance near the $30 level. Although I remain bullish of this market, I feel that we are not quite ready to break out to the upside yet. Look for short-term pullbacks as buying opportunities in a sustained move above $30 as a sign that we are ready to go looking for the $34 level above.

Thanks for watching and I’ll see you again tomorrow.

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