DASH/USD and LTC/USD Technical Analysis May 15, 2017

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Last Updated: June 11, 2024 1:22 pm

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Hello and welcome to News BTC’s Market Outlook May 15.

DASH/USD

DASH continue to find buyers on the dips for the Friday session, and continues to show that the $90 level looks rather supportive. Because of this, I remain bullish and have no interest in shorting this market. Given enough time, I believe that the market will then reach towards the $100 level, and then eventually the $105 level. It might be choppy, but it certainly looks as if the buyers are in control.

LTC/USD

LiteCoin fell slightly during the day on Friday, but found enough support just at the $28 level to turn things around and show signs of support again. I believe that the market will eventually go higher but we may have to grind for a while to pick up momentum and buying pressure in a market that although very positive, certainly seems to be trying to consolidate in this vicinity.

Thanks for watching and see you again tomorrow.

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