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DASH/USD and LTC/USD Technical Analysis June 14, 2017

newsbtc
newsbtc
1 year ago
1 min read
ltcusd

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Hello and welcome to News BTC’s Market Outlook June 14.

DASH/USD

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.

LTC/USD

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.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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