Hello and welcome to News BTC’s Market Outlook June 20.
The DASH market rallied during the day on Monday, touching the $200 level. This is a barrier that is a large, round, psychologically important number. If we can break above their, the market can go much higher, and perhaps start the next leg higher. A pullback from here should find plenty of support underneath, and because of this I believe that traders will be looking for value going forward.
The LTC/USD pair rallied during the day, reaching towards the $47.50 level for resistance. I break above there should send the market looking towards the $50 level, and I believe pullbacks will more than likely offer buying opportunities underneath. Nonetheless, the $40 level should be rather supportive, but it’s possible we may just break out to the upside. Either way, this is a “buy only” market.
Thanks for watching, all see you tomorrow.