DASH/USD and LTC/USD Technical Analysis June 2, 2017

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Hello and welcome to News BTC’s Market Outlook June 2.

DASH/USD

DASH tried to rally during the session on Thursday, but continues to find resistance near the $150 level. It’s likely that this area will continue to cause a bit of trouble, so a pullback from here would be expected. Below the $136 level, we could see a move towards the $120 level rather quickly. Alternately, if we can break above the top of the range for the session, essentially the $150 level, then we could see a move much higher.

LTC/USD

LiteCoin rally during the day on Thursday, breaking above the vinyl $26 level. It now looks as if the $30 level will be targeted next, and then eventually the $34 level after that. Short-term pullback should continue to be buying opportunities, as it looks like the uptrend is ready to resume.

Thanks for watching, I’ll see you again tomorrow.