Hello and welcome to News BTC’s Market Outlook May 30.
DASH/USD
DASH in a positive session on Monday, initially reaching all the way towards the $119 level, but gave back some of the gains. Nonetheless, it is obvious that we are fighting our way to the upside, and it appears that the $104 level is starting to offer significant support. Because of this, if you can handle the volatility, this could be a nice buying opportunity.
LTC/USD
LiteCoin rally during the day, but just barely. The $24 level offered enough resistance to cause downward pressure, so at this point if we can break above the $25 level, I would be more convinced than willing to buy. Until then, I think it’s probably best left alone as it looks like it is trying to for some type of basing pattern.
Thanks for watching and see you again tomorrow.