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Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

DASH/USD and LTC/USD Technical Analysis May 10, 2017

newsbtc
newsbtc
1 year ago
1 min read

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Hello and welcome to News BTC’s Market Outlook May 10.

DASH/USD

DASH traders had a rough session on Tuesday, as we initially gapped lower, then shot higher, and then fell apart. By the end of the day, the buyers and come back in at the low level of $77.50, pushing the market above $85 again. This is an extraordinarily volatile pair, and although the upside seems to be favored, the reality is that this is more of an investment and less of a trade. You must be able to hang on to these types of moves to be involved. Longer-term, this market should continue to go higher.

LTC/USD

LiteCoin initially fell against the US dollar on Tuesday, but found support at the $24 level. By bouncing as it did, it formed a hammer and that of course is a bullish sign. It looks as if buyers are coming in on the dips, and that’s exactly how I would play this market, looking at dips as potential value. Longer-term, we should continue to see bullish pressure.

Thank you for watching and 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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