Hello and welcome to News BTC’s Market Outlook June 2.
DASH tried to rally during the session on Thursday, but continues to find resistance near the $150 level. It’s likely that this area will continue to cause a bit of trouble, so a pullback from here would be expected. Below the $136 level, we could see a move towards the $120 level rather quickly. Alternately, if we can break above the top of the range for the session, essentially the $150 level, then we could see a move much higher.
LiteCoin rally during the day on Thursday, breaking above the vinyl $26 level. It now looks as if the $30 level will be targeted next, and then eventually the $34 level after that. Short-term pullback should continue to be buying opportunities, as it looks like the uptrend is ready to resume.
Thanks for watching, I’ll see you again tomorrow.