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DASH/USD and LTC/USD Technical Analysis June 19, 2017

Avatar newsbtc 2 years ago

Hello and welcome to News BTC’s Market Outlook June 19.

DASH/USD

DASH had a very volatile session on Friday, as we went back and forth around the $160 level. It looks as if the $150 level is trying to act as significant support, so perhaps buying can be done now. Ultimately, it looks as if the market retains its shape as a longer-term uptrend, but crypto currencies have taken a significant beating over the last couple of sessions.

LTC/USD

LiteCoin also had a volatile session during the day on Friday, as we continue to hover around the $28 level. Currently, looks as if we are trying to build up enough momentum to continue going higher and reaching towards the $34 level again, so I suspect that’s the next move. There is a significant amount of support all the way down to the $22 level, so therefore I think that the buyers will return sooner rather than later.

Thanks for watching, all see you again tomorrow.

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