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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 May 08, 2017

newsbtc
newsbtc
1 year ago
1 min read
ltcusd

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Hello and welcome to News BTC’s Market Outlook May 08.

DASH/USD

DASH rose drastically during the Friday session, making a fresh, new high. We are now above the $104 level, and it looks as if the market is ready to go much higher. Because of this, I believe that short-term pullbacks offer nice buying opportunities, especially near the $100 level as it will have a certain amount of psychological importance to this market. The selling of this pair is all but impossible now.

LTC/USD

LiteCoin continues to look very strong, as we have broken above the $28 level. This is a market that is a bit ahead of itself though, so I still prefer to buy on pullbacks as it at least offers a little bit of value. Buying at these levels would be chasing the trade, and that’s a great way to lose money. I currently have a target of $30, but am uncomfortable putting money to work at these lofty levels.

Thanks for watching and see you again tomorrow.

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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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