Hello and welcome to News BTC’s Market Outlook June 29.
DASH/USD
DASH initially fell during the session on Wednesday but found enough support at the $170 level to turn around and grind higher. Because of this, looks as if it is going to continue to reach towards the $200 level and likely break above there. The more times we attempt a breakout above the level, the more likely it is to give way.
LTC/USD
LiteCoin fell initially during the Wednesday session but found support at the $37.50 level to form a hammer. The hammer of course is a bullish sign, and it is preceded by 2 other ones which of course is also very bullish. With this in mind, looks like we are going to try to go higher from here, and reach towards the $50 level yet again.
Thanks for watching, we’ll see you again tomorrow.