Hello and welcome to News BTC’s Market Outlook June 14.
DASH rallied a bit after initially falling during the day on Tuesday, using the $160 level as support. The market broke above the $180 level at one point, but ultimately the market is very choppy and a bit overextended. I believe that the absolute “floor” in the market is at the $150 level below. I also recognize that the $200 level above is massively resistive.
LiteCoin was relatively quiet during the session on Tuesday, as the $28 level offered a bit of support. The resistance above at the $34 level is going to be difficult to break, but I think we are getting ready to go higher, perhaps offering a short-term buying opportunity. If we can break above the $34 level, the market should then go towards the $40 level above there. Longer-term, this is a market that is most certainly bullish.
Thanks for watching, see you again tomorrow.