Hello and welcome to News BTC’s Market Outlook May 25.
DASH/USD
DASH continues to show real strength in a market that gapped higher at the open on Wednesday, and has now broken above towards the $150 level. The market is starting to run away, but at this point I think chasing the trade is not the thing to do. If you are not already involved in this market, you’re in a situation where you have to wait for a pullback. Otherwise, you risk a serious drawdown.
LiteCoin
LiteCoin rallied again on Wednesday, testing the $34 level. Now that we are above the $30 level, looks as if the market is going to continue to go higher, perhaps reaching towards the $40 handle over the next several sessions. I have no interest in selling, and I believe that the market continues the longer-term uptrend that we have seen for so many weeks.
Thanks for watching and see you again tomorrow.