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Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
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Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

DASH/USD and LTC/USD Technical Analysis June 22, 2017

newsbtc
newsbtc
1 year ago
1 min read
ltcusd

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Hello and welcome to News BTC’s Market Outlook June 22.

DASH/USD

DASH fell initially during the day on Wednesday, but found enough support underneath that the $180 level to turn things around and form a bullish candle. It looks as if we are trying to find the $200 level, and then eventually break above it. Once we do, the market will be free to go much higher. Pullbacks continue to be buying opportunities, and I believe that the market continues to favor strength.

LTC/USD

LiteCoin continues to look impressive, as we initially fell during the day on Wednesday, but turned around just below the $42.50 level. The market bouncing from there suggests that we are going to continue to find buyers underneath, and the $50 level above should be the target, and of course resistive. I believe in buying short-term pullbacks as LiteCoin has been so bullish.

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

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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