Hello and welcome to News BTC’s Market Outlook May 29.
DASH/USD
DASH continues to see quite a bit of volatility, as we bounced off of the $116 level. The markets continue to find buyers on dips as it offers value, and now looks as if the market is ready to continue to try and reach the higher levels. The market continues to show extreme amounts of choppiness, but given enough time it looks as if the buyers will prevail. The $115 level underneath should continue to offer support.
LTC/USD
LiteCoin rallied slightly during the day on Friday as we continue to see a “buy on the pullbacks” type of volatility. Ultimately, it looks as if the market is trying to go higher over the longer term, and that it should probably go looking for the $34 level next. I don’t have any interest in shorting this market, it seems to be well supported underneath, so it appears that it’s a “buy only” market.
Thanks for watching and I’ll see you again tomorrow.
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. It should not be regarded as investment/trading advice. All the information is believed to come from reliable sources. NewsBTC does not warrant the accuracy, correctness, or completeness of information in its analysis and therefore will not be liable for any loss incurred.
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