Hello and welcome to News BTC’s Market Outlook May 23.
DASH/USD
DASH initially fell during the day on Monday but found enough support at the $92.50 level to turn around and bounce significantly. In fact, we tested the $105 level, and the area of contention as of late. If we can break above there, the market should then go to the $110 level next. Ultimately, I believe that the markets will continue to find buyers on dips, and we will eventually break above the $110 level, so I am bullish longer term.
LiteCoin
LiteCoin fell initially during the day on Monday, but found support at the $22 level again. This is an area that has been supportive in the past, and I believe that a break above the top of the candle for the session on Monday send this market higher again. I believe that we will grind towards the $30 level, and a break above there would signify that we’re going to have the longer-term moved to the upside. Ultimately, this is a market that is “by only.”