Hello and welcome to News BTC’s Market Outlook June 29.
DASH/USD
DASH initially fell during the session on Wednesday but found enough support at the $170 level to turn around and grind higher. Because of this, looks as if it is going to continue to reach towards the $200 level and likely break above there. The more times we attempt a breakout above the level, the more likely it is to give way.
LTC/USD
LiteCoin fell initially during the Wednesday session but found support at the $37.50 level to form a hammer. The hammer of course is a bullish sign, and it is preceded by 2 other ones which of course is also very bullish. With this in mind, looks like we are going to try to go higher from here, and reach towards the $50 level yet again.
Thanks for watching, we’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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