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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

DASH/USD and LTC/USD Technical Analysis June 16, 2017

newsbtc
newsbtc
1 year ago
1 min read

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Hello and welcome to News BTC’s Market Outlook June 16.

DASH/USD

DASH continue to sell off during the session on Thursday after initially trying to break above the $160 level. As I record this, the market is testing the $140 level, but quite frankly I think that there is more significant support at the $130 level below. Crypto currencies continue to sell off drastically, and of course this one won’t be any different.

LTC/USD

LiteCoin continues to look soft as well, and almost undoubtedly will go looking towards the lower levels of this consolidation area for support. Because of this, we could see the market reach down to the $22 level rather rapidly, and then the psychologically important $20 level. Below there, the $18 level looks even more supportive, and if it gets broken below, that would be an extraordinarily negative sign.

Thanks for watching, I’ll see you again on Monday.

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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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