Hello and welcome to News BTC’s Market Outlook June 5.
DASH/USD
DASH continues to look very bullish, but also struggles at the $148 level. Because of this, I think we are likely to see a pullback that should offer a nice bit of value underneath. I would be especially interested in buying this pair at the $120 level, but also recognize that a break above the $150 level would continue the massive bullish pressure that we have seen. Ultimately, the market should continue be one that buyers will be attracted to.
LTC/USD
LiteCoin continues to grind back and forth, and the $28 level on Friday offered resistance. It looks as if we are trying to build up a little bit of a base in this area XO pullbacks offer value, and I would be especially interested near the $22 level. If we can break above the $30 level, the market will more than likely continue to go much higher, perhaps reaching as high as $40 over the next several sessions. Expect volatility, but I still believe in the upward bias longer term.
Thank you for watching and 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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