Hello and welcome to News BTC’s Market Outlook May 19.
DASH/USD
DASH rally during the day on Thursday, as we broke above the top of the hammer from the Wednesday session. This is a bullish sign, but expect choppiness going forward. Selling is all but impossible and pullback should be buying opportunities. Ultimately, the market should then reach towards the $100 level over the longer term.
LTC/USD
LiteCoin continues to show promise, as we broke above the top of the previous session on Thursday, and it now looks as if we’re going to reach towards the top of the range, and now it looks as if pullbacks continue to offer nice buying opportunities. The market is very bullish, and I think it will continue to be so going forward. Expect the $22 level to be massively supportive going forward.
Thank you for watching and see you again on Monday.